If a merchant deposits $1500 at the end of each tax year in a n ira paying interest at the rate of 4%/year compounded annually, how much will she have in her account at the end of 25 years if you can show the work that would be great, i've been having a hard time with this practice problem.
thanks to anyone in advance !

answer: the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

step-by-step explanation:

the given rate of interest i= 85%

in calculating the monthly payment for a loan with an interest rate compounded monthly, the value of the interest rate per period we use in the formula must be in decimal form.

to convert it in decimal, we divide it by 100, we get

hence, the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

y + 11 = (1/4)(x + 16)

step-by-step explanation:

for this case we have by definition, if two lines are perpendicular, then the product of their slopes is -1.

then, given the following line:

so,

we are looking for m_ {2}:

then, the line is given by:

we find "b" replacing the given point:

finally, the equation is:

option c