The future value of a monthly deposit A=125.30 at annual interest i=0.015 per annum for n=35 years compounded monthly is given by
FV=A((1+i/12)^(12*n)-1)/(i/12)
=125.30(1+0.015/12)^(12*35)/(0.015/12)
=$69156.05
The annuity formula is given by
Payment = r(PV)/(1-(1+r)^(-n))
where
r=interest rate per period = 0.015/12
PV= $69156.05
n=20*12=240
so
Payment = (0.015/12)<span>69156.05/(1-(1+0.015/12)^(-240))
= $333.71 per month.</span>
Equation B is written in vertex form, which means you can read the vertex (extreme value) from the numbers in the equation.
Vertex form is
y = a(x -h)² + k
where the vertex (extreme point) is (h, k). Whether that is a maximum or a minimum depends on the sign of "a". When "a" is negative, the graph is a parabola that opens downward, so the vertex is a maximum.
Equation
B reveals its extreme value without needing to be altered.
The extreme value of this equation is a
maximum at the point
(2, 5).
The slope intercept form is y=(4/5)x-(6/2)
Answer:1.5
Step-by-step explanation:
1n=n Answer:
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