) Would you rather receive $1,500 a year for 12 years, or $1,200 a year for 20 years if the interest rate is 7%?

$1200 should receive.

Step-by-step explanation:

To check whether to receive $1500 or $1200 just find the present values of each amount.

Present value of annuity $1500:

Present value of annuity = Annuity (P/A, 7%, 12)

Present value of annuity = 1500 (P/A, 7%, 12)

Present value of annuity = 1500 (7.9426)

Present value of annuity = $11913.9

Present value of annuity $1200:

Present value of annuity = Annuity (P/A, 7%, 20)

Present value of annuity = 1500 (P/A, 7%, 20)

Present value of annuity = 1500 (10.5940)

Present value of annuity = $15891

Thus, $1200 should receive.

(2,20) means that the 2 is 2 hours and 20 is 20$. so there both 20$ for 2 hours only the same price. like it says. so, the dunk tank and the bounce house are the same price (20$) for the same amount of time (2 hours).

hope i

step-by-step explanation:

i think something is missing in your question because y-1=(x-12) would not pass through the point (-4,-3). because if you replace x by -4 your are supposed to find y=-3 which is not the case her. if you replace x by -4 you find =-15.

i assume the right equation is y-1=1/4*(x-12) because this one is passing through both your points (if you are interested to know how i found that out i can tell you).

in this equation if i replace x by -4 i find y=-3 and if i replace x by 12, i find y=1 so the line representing this equation is passing through those 2 points.

then the standard form of the equation is finding an expression of y in function of x

y-1=1/4*(x-12)

y=x/4-3+1

y=x/4-2

hope that .

do you confirm there was a mistake in the question?