Answer:
-64 1/4
Step-by-step explanation:
0.25 is the same as 1/4.
-64.25 = -64 1/4
Answer:
$ 50,340.97
Step-by-step explanation:
From the above question, we can deduce that we are to find the Initial amount invested which is also called the Principal.
The formula to find Principal in a compound interest question is:
P = A / (1 + r/n)^nt
Where:
A = Total Amount obtained after invested = $80,000
r = Interest rate = 3.1% = 0.031
n = number of times interest in compounded = Quarterly = 4
t = time in years = 15
P = $80,000/(1 + 0.031/4)^4 × 15
P = $80,000/(1 +0.00775)^60
P = $ 50,340.97
Hence, James would have to invest $50,340.97 today to have $80,000 in 15 years.
Answer:
y - 4 = 6(x - 7)
Step-by-step explanation:
the equation of a line in point- slope form is
y - b = m(x - a)
where m is the slope and (a,b) a point on the line
here m = 6 and (a, b) = (7, 4), hence
y - 4 = 6(x - 7) ← in point-slope form