Answer:
27 years
Step-by-step explanation:
The formula for the number of payments can be used:
N = -log(1 +0.05(1 -1000000/65000))/log(1.05) +1 = 27.03
There will be a couple thousand dollars left after the 27th payment.
The winnings will last 27 years.
If y=8-x then you can plug that into the equation like 7=2-(8-x). When you distribute the equation becomes 7=2-8+x. Once you combine like terms the equation becomes 7=-6+x. Then you subtract 6 from both sides, which gives you 13=x.
To find y just put 13 where x was in the first equation. Y=8-13.
Y=-5
X=13
the answer is 763 because 763 - 763 = 0