Step-by-step explanation:
i = interest 3% for 30 years
This is a simple dynamical system for whom the the solutions are given as
](https://tex.z-dn.net/?f=S%3DR%5B%5Cfrac%7B%28i%2B1%29%5En-1%7D%7Bi%7D%5D%28i%2B1%29)
putting values we get
S=2000[\frac{(1.03)^{30}-1}{0.03}](1.03)
= $98005.35
withdrawal of money takes place from one year after last payment
To determine the result we use the present value formula of an annuity date
we need to calculate R so putting the values and solving for R we get
R= $6542.2356
Answer:
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The graph with an equation y = 6x has a slope of 6. If the slope is changed to 0, the equation becomes y = 0.
<h3>What is a
linear function?</h3>
A linear function is in the form:
y = mx + b
Where m is the slope (rate of change) and b is the y intercept
The graph with an equation y = 6x has a slope of 6. If the slope is changed to 0, the equation becomes y = 0.
Find out more on linear function at: brainly.com/question/4025726
Answer:
whats the question
Step-by-step explanation:
ask the question
\
Find 10% of $19,200 = 1,920
Find 2% of $1,920 = 384
12% = $2,304
19,200 - 2,304 = 16,896 (year 1)
Repeat this until you have your 5th year :)
