Y - 18 = -1.5(x - 12)
I hope this helped out! Have a nice day :)
(Good luck!)
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: A, C, D and E
Step-by-step explanation:
Step-by-step explanation:
y = -2x + 1. => Slope = -2
Then the perpendicular line will have a slope of -1/(-2) = 0.5.
We have y = 0.5x + c.
When x = 4, y = -3.
=> (-3) = 0.5(4) + c, c = -5.
Hence the answer is y = 0.5x - 5. (C)
