It is 3x+6-23
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Hi there
The formula of the present value of annuity ordinary is
Pv=pmt [(1-(1+r)^(-n))÷r]
So we need to solve for pmt (the amount of the annual withdrawals)
PMT=pv÷ [(1-(1+r)^(-n))÷r]
Pv present value 65000
R interest rate 0.055
N time 10 years
PMT=65,000÷((1−(1+0.055)^(
−10))÷(0.055))
=8,623.40....answer
Hope it helps
Answer:
Step-by-step explanation:
Equation of blue line:
blue line is parallel to y-axis
⇒ x = 5
Equation of green line:
Green line is parallel to x-axis.
y = 2
Equation of red line:
At y-intercept x = 0. Point on red line is (0,5)
So, y-intercept = 5
y = mx + b Here, m is slope any b is y-intercept.
y = mx + 5
Now, choose any other point in red line. ((1,7)
Substitute this value in the above equation and we can find m
7 = m*1 + 5
7 - 5 = m
m = 2
y = 2x + 5
Equation of black line:
Black line and red line are parallel and so, they have same slope.
y = 2x + b
y-intercept (0,-6) ; b = -6
y = 2x - 6