Answer:
x<2
Step-by-step explanation:
Isolate the variable by dividing each side by factors that don't contain the variable.
Answer:
12
Step-by-step explanation:
Answer:
Step-by-step explanation:
Slope formula= rise over run, or y2-y1 over x2-x1
y2=-4 y1=-18 x2=-7 x1=-7
-4-(-18)/-7-(7)
-22/-14 negative
Answer:
Results are below.
Step-by-step explanation:
Giving the following information:
Monthly deposit= $100
Interest rate= 0.06/12= 0.005
Number of periods= 12*5= 60 months
<u>a)</u>
<u>To calculate the future value, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
FV= {100*[(1.005^60) - 1]} / 0.005
FV= $6,977
b) <u>If the deposit is at the beginning of the month, the interest is compounded one more period</u>. We need to use the following formula:
FV= {A*[(1+i)^n-1]}/i + {[A*(1+i)^n]-A}
FV= 6,977 + {[100*(1.005^60)] - 100}
FV= 6,977 + 35
FV= $7,012
Answer: 35
Step-by-step explanation: the line inside the box determines the point
