An investment of $ 3,500 in an account earns 6% per year. Find the current value compounded 12 times per year for 6 years.
2 answers:
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Answer:
Step-by-step explanation:
Rewrite the equation into y=mx+b form by rearranging terms using inverse operations.
17x + 11y = 17 Subtract 17x from both sides.
-17x -17x
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11y = 17 - 17x Divide by 11 on both sides.
y = 17/11 - 17/11 x
The slope intercept form is .