Slope-intercept form is:
y = mx + b
"m" is the slope, "b" is the y-intercept (the y value when x = 0)
(there is probably another way to do this, but I will be doing it this way)
Isolate the "y" in the equation
3x + 4y = 12 Subtract 3x on both sides
4y = 12 - 3x Divide 4 on both sides
or
The slope is -3/4
For lines to be parallel, they have to have the SAME slope. The given line's slope is -3/4, so the slope of the parallel line is also
Answer:
The principal investment required to get a total amount of $ 1,000,000.00 from compound interest at a rate of 6% per year compounded 12 times per year over 45 years is $ 67,659.17.
Step-by-step explanation:
Given
To determine:
Using the formula
substituting A = 1000000, r = 0.06, t = 45, and n = 12
$
Therefore, the principal investment required to get a total amount of $ 1,000,000.00 from compound interest at a rate of 6% per year compounded 12 times per year over 45 years is $ 67,659.17.
Hope this helps!
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-Charlie