Mike won $500,000 in a state lottery. He will get 1/20 of the sum each year for the next 20 years. After he receives his first installment, he plans to pay off a car loan of $7,765.12 and give his son $10,000 for college. By paying off the car loan, he will receive a rebate of 2% of the loan. If he must pay income tax of 28% on his first installment, how much (in dollars) will he have left to spend? (Round your answer to the nearest cent.)

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?