HELP ME PLEASE! Find the equation of the line. Use exact numbers.
1 answer:
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Answer:
$8,864.73
Step-by-step explanation:
Base amount: $6,000.00
Interest Rate: 5% (yearly)
Effective Annual Rate: 5%
Calculation period: 8 years
Vertex: ( -1, -7 )
Focus: ( -1, -27/4 )
Axis of Symmetry: x = -1
Directrix: y = -29/4
X | Y
———
-3| -3
-2| -6
-1 | -7
0 | -6
1 | -3
Focus: ( -1, -27/4 )
Axis of Symmetry: x = -1
Directrix: y = -29/4
X | Y
———
-3| -3
-2| -6
-1 | -7
0 | -6
1 | -3