Torren deposits $4500 in an account earning 2% interest, compounded annually. the equation that represents this situation is
a(n)=4500(1+0.02)^n-1
how much will he have in the account at the beginning of year 7? round your answer to the nearest dollar.
a. $13,437
b. $27,540
c. $5,169
d. $5.068

D

Step-by-step explanation: Replace the N in the equation given with a 7 and solve. This gives you 4500(1.02)^6. SOLVE THE POWER FIRST. 1.02 to the 6th power is 1.126... multiply by 4500 and you get 5,067.7, which is D when rounded.

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step-by-step explanation:

step-by-step explanation:

let

we know that

the y-intercept is the y-coordinate of the point when the value of x is equal to zero

so

the y-coordinate of the point a is the y-intercept

the answer part a) is

the value of y-intercept is

part b) find the slope m

we know that

the value of the slope is equal to

substitute the values

therefore

the answer part b) is

the value of the slope is equal to

the general answer is

the slope is

the value of y-intercept is