Answer:
The slope of the graph is 3/5
Step-by-step explanation:
We know that slope is nothing but rise over run. In this equation, the spacing is 3 points different vertically and 5 horizontally. If we do Rise Over Run, we will get 3/5 as our answer.
Answer:
The value of the annuity is $326,852.3766.
Step-by-step explanation:
Here is the required formula to find the present value of annuity:
We can find the present value of annuity:
Here:
P = $50,000
n = represents the number of number of periods
r = 0.11
PV = $326,852.3766
The value of the annuity is $326,852.3766 i.e. PV = $326,852.3766.
Keywords: discount rate, present value of annuity
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Answer:
Maximum $11.28
Step-by-step explanation:
Let remaining money be x
- 13.72 + x ≤ 25
- x ≤ 25 - 13.72
- x ≤ 11.28
He can spend maximum of $11.28 in September
They need to make sure you will be able to pay the loan back
Hope this helps :)