If an account is increasing at a rate of 2.1% compounded monthly, what is the exact value of i in the following future value ordinary annuity formula?

F V = P (Start Fraction (1 + i) superscript n Baseline minus 1 over i End Fraction)

a.2.1

b.0.021 / 100
c.0.021 / 12 End Fraction

d.0.21 / 12

Step-by-step explanation:

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option c) graph of line going through 1, 4 and 3, 10

step-by-step explanation:

let y equal to margo's coin collection

let x equal to number of years

at the begining x=0, y=1 → point=(x,y)→point=(0,1)

she adds 3 coins per year, then y=1+3x

at x=1, y=1+3(1)=1+3→y=4→point=(x,y)→point=(1,4)

at x=3, y=1+3(3)=1+9→y=10→point=(x,y)→point=(3,10)

the graph of line going through (1, 4) and (3, 10), then the option c is the correct.