Write a compound interest function to model the following situation. Then, find the balance after the given number of years.

$19,600 invested at a rate of 3.5% compounded quarterly; 5 years
Group of answer choices

  $23,330.66

Step-by-step explanation:

The compound interest function is ...

  FV = P(1 +r/n)^(nt)

where P is the principal amount ($19,600), n is the number of compoundings per year (4), r is the interest rate (.035), and t is the number of years (5).

Putting these numbers into the formula and doing the arithmetic, we get ...

  FV = $19,600(1 +.035/4)^(4·5) = $23,330.66

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

answer: the answer is simply nothing.

step-by-step explanation: because there is no ending to this question

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