Suppose you’ll have an annual nominal income of $40,000 for each of the next three years, and the inflation rate is 5 percent pe
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Answer:
Step-by-step explanation:
The formula for this is the one we use when we are given the ratio the directed line segment is separated into as opposed to the point being, say, one-third of the way from one point to another. The 2 equations we use to find the x and y coordinates of this separating point are:
and
where x1, x2, y1, y2 come from the coordinates of A and B, and a = 1 (from the ratio) and b = 2 (from the ratio). Filling in for x first:
and then y:
The coordinates of point E, then, are (0, 1).