How much do you have to deposit now in a savings account that earns 6% annual interest if you want to withdraw an annual payment series that begins with $1,000 in year 1 and increases by $250 per year for five years? ( show work)
a.
$1,984
b.
$5,987
c.
$6,196
d.
$6,355

answer: i believe its b. if you sound out the sentences that sounds wrong.

a

step-by-step explanation:

step-by-step explanation: given equation a = h(b 1+b 2)

also we are given values of a, h and b 1 as :

a = 16, h = 4, and b 1 = 3.

in order to solve it for b 2, we need to plug the given values of   a, h and b 1 .

therefore, plugging values of   a, h and b 1   in given equation, we get

16 = 4( 3 + b 2)

first dividing both sides by 4, we get

4 = 3 + b 2

subtracting 3 from both sides, we get

4 -3 = 3 -3 + b 2

1 = b 2.

hi there

the slope is 1/3.

this is because from the y-intercept, you go up one, and you go to the right three, to get to the next exact point on the graph. this is known at the “rise over run.”

p.s. (if you need it).your y-intercept is -2, because that is the point on the graph where the line crosses the y-axis.

hope that : )