Growth Problems(use A = P(1+r/n) (nt), assume n=1 if not told). Allison had $17,624 in her account after 18 years. An interest rate of 7% was 1 point
compounded daily. How much money was deposited initially?*
$6,000
$4,000
$5,000
$3,000

An

vvbnm,Step-by-step explanation:

none.

step-by-step explanation:

m

1

=

5

m1=5

b

=

−

1

b=-1

find the slope and y-intercept of the second equation.

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m

2

=

0

m2=0

b

=

−

6

b=-6

compare the slopes

m

m of the two equations.

m

1

=

5

,

m

2

=

0

m1=5,m2=0

compare the two slopes in the decimal form. if the slopes are equal, then the lines are parallel. if the slopes are not equal, then the lines are not parallel.

m

1

=

5

,

m

2

=

0

m1=5,m2=0