Answer:
The answer to your question is y = -5x + 32 point-slope form
5x + y - 32 = 0 general form
Step-by-step explanation:
Data
(8, -8)
⊥ x - 5y - 6 = 0
Process
1.- Get the slope of the line given
x - 5y - 6 = 0
-5y = -x + 6
y = -x/-5 + 6/-5
y = x/5 - 6/5
slope = 1/5
slope of the new line -5, because the lines are perpendicular
2.- Get the equation of the new line
y - y1 = m(x - x1)
y + 8 = -5(x - 8)
y + 8 = -5x + 40
y = -5x + 40 - 8
y = -5x + 32 point-slope form
Equal to zero to find the general form
5x + y - 32 = 0 general form
The tax bracket and tax-free yield will be (18%, 3%) < (32%, 3%) < (32% , 4%) < (22% , 5%) < (24% , 6%) .
<h3>
Taxable equivalent yield based problem:</h3>
The taxable equivalent yield will be:
= Tax-free yield / (100 - Tax bracket)
Taxable equivalent yield = 3 / (100 - 18) = 0.03659
Taxable equivalent yield = 6 / (100 - 24) = 0.07895
Taxable equivalent yield = 3 / (100 - 32) = 0.04412
Taxable equivalent yield = 5 / (100 - 22) = 0.06410
Taxable equivalent yield = 4 / (100 - 32) = 0.05882
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