R Answer:
Slope is -9
y-intercept is 2
Step-by-step explanation:
y=mx+c
Rearrage your formula,
y=-9x+2
m=slope=-9
y-intercept=c=2
Answer:
The number of years between adjustments in the interest rate
Step-by-step explanation:
The 7 stands for the number of years that it will be fixed, or constant, while the later or the ARM, the 1, is the number of years between adjustments. This would still stand for an ARM with 5/1 or 7/2.
(apex verified)
Answer:
Rate = 14.07%
Step-by-step explanation:
A= 3500
P= 2000
n = 12
t = 4
![3500= 2000(1+\frac{r}{12})^{4 \times 12}\\\\\frac{3500}{2000} = (1+\frac{r}{12})^{48}\\\\\frac{7}{4} = (1+\frac{r}{12})^{48}\\\\1.75 = (1+\frac{r}{12})^{48}\\\\\sqrt[48]{1.75} = (1+\frac{r}{12})\\\\\sqrt[48]{1.75}-1 = \frac{r}{12}\\\\0.01172688 = \frac{r}{12}\\\\r = 0.01172688 \times 12 = 0.14072267\\\\r \% = 14.07%](https://tex.z-dn.net/?f=3500%3D%202000%281%2B%5Cfrac%7Br%7D%7B12%7D%29%5E%7B4%20%5Ctimes%2012%7D%5C%5C%5C%5C%5Cfrac%7B3500%7D%7B2000%7D%20%3D%20%281%2B%5Cfrac%7Br%7D%7B12%7D%29%5E%7B48%7D%5C%5C%5C%5C%5Cfrac%7B7%7D%7B4%7D%20%3D%20%281%2B%5Cfrac%7Br%7D%7B12%7D%29%5E%7B48%7D%5C%5C%5C%5C1.75%20%3D%20%281%2B%5Cfrac%7Br%7D%7B12%7D%29%5E%7B48%7D%5C%5C%5C%5C%5Csqrt%5B48%5D%7B1.75%7D%20%20%3D%20%281%2B%5Cfrac%7Br%7D%7B12%7D%29%5C%5C%5C%5C%5Csqrt%5B48%5D%7B1.75%7D-1%20%3D%20%5Cfrac%7Br%7D%7B12%7D%5C%5C%5C%5C0.01172688%20%3D%20%5Cfrac%7Br%7D%7B12%7D%5C%5C%5C%5Cr%20%3D%200.01172688%20%5Ctimes%2012%20%3D%200.14072267%5C%5C%5C%5Cr%20%5C%25%20%3D%2014.07%25)
(X+7)-(x-2)=24..... given equation..
Remove the bracket.
X+7-x+2=24
# 15 is the final answer.
Hope it helped.
I apologise if it’s wrong.
