Where is ( 0 , -5 ) on the coordinate plane?
2 answers:
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Answer:
$2147.36
Step-by-step explanation:
The first value can be modeled by ...
b1 = 1000·(1 -0.005)^t
After 10 years, that balance is ...
b1 = 1000·0.995^10 = 951.11
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The second value can be modeled by ...
b2 = 1000·(1 +0.018/2)^(2t)
After 10 years, that balance is ...
b2 = 1000·1.009^20 = 1196.25
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The total of the two investments after 10 years is ...
$951.11 +1196.25 = $2147.36
