Answer:
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Step-by-step explanation:
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The formula of the future value of annuity due is
A=p [(1+r/k)^(kn)-1)/(r/k)]×(1+r/k)
A future value of annuity due
P payment 125
R interest rate 0.0375
K compounded monthly 12
N time 8 years
Solve for A
A=125×(((1+0.0375÷12)^(12
×8)−1)÷(0.0375÷12))×(1
+0.0375÷12)
=14,012.75
Answer:
9
Step-by-step explanation:
<h2>
Answer:</h2>
First: info on point-slope form.
- Formula: <em>y - y₁ = m(x - x₁)</em>
We need to find the slope of the line first.

Slope: 
Now we can complete the point-slope equation of the line.

*These equations are equivalent.