Answer:
How much would $25,000 be worth if it was compounded monthly at an annual rate of 4% after 15 years? How much would $5,000 be worth if it was compounded monthly at an annual rate of 3% after 35 years?
Step-by-step explanation:
Slope is already given in the question so we only need to solve for the y-intercept.
Slope intercept form: y = mx + b
m = slope
b = y-intercept
-3/5 = -0.6
1 = -0.6(1) + b
1 = -0.6 + b
1 + 0.6 = -0.6 + b + 0.6
1.6 = b
Now, write in slope-intercept form.
y = -3/5x - 1.6
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Best of Luck,
Wolfyy :)
I think 2401...I just asked Siri
