How much money should you invest now in order to have $ 60 comma 000$60,000 in 2929 ? years? assume that the money earns interest at 10.5 %10.5%? , compounded annually. round to the nearest dollar amount.

$3316 should be invested.

Step-by-step explanation:

Since, the amount formula in compound interest is,

Where, P is the principal amount,

r is the rate per period,

t is the time in years,

Here,

A = $ 60,000,

r = 10.5% = 0.105

t = 29 years,

By substituting value,

Hence, $ 3316 should be invested.

c. y = 1/4 x + 5

step-by-step explanation:

first, put the equation of the line on the graph into slope-intercept form

(y = mx + b):   y = -4x + 8

second, a perpendicular line has to have "an opposite/reciprocal slope" to the original slope. so, find the "m" value in your original equation (it's -4, right? )

original slope: m = -4   perpendicular slope: change the sign to its opposite and find the reciprocal ("flip" the number)

new slope is now positive (b/c the original slope was negative 4), and it's 1/4 (not the original slope of 4 or 4/1)