The answer to your question is c 55
We are given with the following:
Effective annual interest, i = 0.0425
Future worth, F = $25000
Number of years, n = 18
We use the formula to solve for the present worth of the money:
P = F / (1 + i)^n
P = 25000 / (1 + 0.0425)^18
P = 11818.73
The closest answer is:
<span>b.
$11,820</span>
y - 2 = -3 (x+1)
point slope form
y-y1 = m(x-x1)
looking at the above equation
the slope is -3
