Can someone please help and explain
1 answer:
Answer:
Step-by-step explanation:
The future value formula is FV=PV(1+i)^n, where the present value PV increases for each period into the future by a factor of 1 + i. value PV increases for each period into the future by a factor of 1 + i.
fv = future value
pv = present value
r = annual interest rate ( decimal number)
n= period
You might be interested in
first invert fraction of the slope from 4/1 to 1/4 and switch sign. then figure out the y-intercept
the algebraic approach would work like this:
-4x + 10 = 1/4x + b
plug in what you got, here: the intersection information
-4*(4) + 10 = 1/4*(4) + b
-16 + 10 = 1 + b
-6 = 1 + b
-7 = b
