Even though the money is required 2 years from now, the first deposit is made only a year from now, therefore in the bank for only one year.
The second deposit will be in the bank the same day it will be taken out, so no interest whatsoever.
Thus future value
= 8200(1.062)+8200
=$16908.40
will be available assuming compounding annually.
Answer:
The equation in standard form is
2
3
x
−
y
=
7
.
Explanation:
The standard form for a linear equation is
A
x
B
y
=C
, where
A
,
B
,
and
C
are numbers, and
x
and
y
are variables.
y
=
2
3
x
−
7
Subtract
2
3
x
from both sides of the equation.
−
2
3
x
+
y
=
−
7
Multiply both sides by
−
1
.
2
3
x
−
y
=
7
A
=
2
3
,
B
=
−
1
,
C
=
7
Answer:
10n
Step-by-step explanation:
