You have been offered $3,000 in 4 years for providing $2,000 today into a business venture with a friend. If interest rates are
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For this case we have that by definition, the equation of the line of the slope-intersection form is given by:
Where:
m: It is the slope of the line
b: It is the cut-off point with the y axis
We have the following points through which the line passes:
So the slope is:
Thus, the equation of the line is of the form:
We substitute one of the points and find "b":
Finally, the equation is:
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