The slope of this line is 0, it would be undefined if the line were vertical
Answer:
The amount that would be in the account after 30 years is $368,353
Step-by-step explanation:
Here, we want to calculate the amount that will be present in the account after 30 years if the interest is compounded yearly
We proceed to use the formula below;
A = [P(1 + r)^t-1]/r
From the question;
P is the amount deposited yearly which is $4,500
r is the interest rate = 2.5% = 2.5/100 = 0.025
t is the number of years which is 30
Substituting these values into the equation, we have;
A = [4500(1 + 0.025)^30-1]/0.025
A = [4500(1.025)^29]/0.025
A = 368,353.3309607034
To the nearest whole dollars, this is;
$368,353
It would be 7.45 since the -3.05 and the -9.5 together would equal -12.55 which subtracted from 20 would equal 7.45
The initial amount of $ in the count is $40 every year she earns 5% so what we ant to do is find 5% of 40 which is 2, 40+2=42
the answer is $42
