You wish to have $2000 in 3 years to buy a fancy new stereo system. How much should you deposit each quarter into an account paying 6% compounded quarterly?

The correct answer is - $1977.7913.

Step-by-step explanation:

Given:

Maturity value = 2000

time = 3 years

rate = 6% compounded quarterly

Solution:

If  A is the Maturity Value, P is the Principal Amount, r is the Rate of Return, n is the Frequency And t is the Time in Year then the Formula for Compound Interest would be -

A = P(1+r/n)^nt

Putting the given values in formula,

2000 = P*(1 + (0.06/4))^(3*4)

P = 2000/(1 + (0.06/4))^(3*4)

Thus,

P = $1977.7913

options a,b,c are the right answer.

step-by-step explanation:

a linear parent function is always represented as y = x

if we write this function in the form of y=mx+c

⇒

or  

now if we plot a graph we will find these characteristics:

1) y intercept of the graph is zero so its a straight line passing through origin.

2) as we can see in both the forms of function written, values of x and y may be either positive or negative for the positive slope means points on the graph are either in first quadrant or in third one.

3) it's slope is one.