(3 x 10) x 8 = 3 x (10 x 8)
this is called the associative property of multiplication.
it states : (a * b) * c = a * (b * c)
I think acute but I’m really not sure
Y= y1
replace the y1 with the ordinate ( the y-part) of the point you are going thru
example a horizontal line going through the point (7,12) would be y=12
The monthly deposit required to save up to $625,357.24 (future value) in 40 years at a 7.2% APR is <u>$225.20</u>.
<h3>What is the monthly deposit?</h3>
The monthly deposits are the periodic savings that the investor must make to achieve future value.
The monthly deposit is compounded at the monthly annual percentage rate (APR).
We can compute the required monthly deposits using an online finance calculator as follows:
N (# of periods) = 480 months (40 years x 12)
I/Y (Interest per year) = 7.2%
PV (Present Value) = $0
FV (Future Value) = $625,357.24
<u>Results</u>:
Monthly Deposits (PMT) = $225.20
Sum of all periodic payments = $108,096 ($225.20 x 480)
Total Interest = $517,261.24
Thus, to save $625,357.24 in 40 years, you need to deposit <u>$225.20</u> monthly.
Learn more about periodic deposits (payments) at brainly.com/question/13031679
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Answer:
y
=
2
x
−
1
Explanation:
First, we need to determine the slope of the line. The formula for determining the slope of a line is:
m
=
y
2
−
y
1
x
2
−
x
1
where
m
is the slope and the x and y terms are for the points:
(
x
1
,
y
1
)
and
(
x
2
,
y
2
)
For this problem the slope is:
m
=
3
−
−
1
2
−
0
m
=
3
+
1
2
m
=
4
2
m
=
2
Now, selecting one of the points we can use the point slope formula to find the equation.
The point slope formula is:
y
−
y
1
=
m
(
x
−
x
1
)
Substituting one of our points gives:
y
−
−
1
=
2
(
x
−
0
)
y
+
1
=
2
x
Solving for
y
to put this in standard form gives:
y
+
1
−
1
=
2
x
−
1
y
+
0
=
2
x
−
1
y
=
2
x
−
1
Answer linky
=
2
x
−
1
Explanation:
First, we need to determine the slope of the line. The formula for determining the slope of a line is:
m
=
y
2
−
y
1
x
2
−
x
1
where
m
is the slope and the x and y terms are for the points:
(
x
1
,
y
1
)
and
(
x
2
,
y
2
)
For this problem the slope is:
m
=
3
−
−
1
2
−
0
m
=
3
+
1
2
m
=
4
2
m
=
2
Now, selecting one of the points we can use the point slope formula to find the equation.
The point slope formula is:
y
−
y
1
=
m
(
x
−
x
1
)
Substituting one of our points gives:
y
−
−
1
=
2
(
x
−
0
)
y
+
1
=
2
x
Solving for
y
to put this in standard form gives:
y
+
1
−
1
=
2
x
−
1
y
+
0
=
2
x
−
1
y
=
2
x
−
1
Answer link
