1.(10 points.) For the equation, y= −10 + 2x, complete the following:
(a) Find the x-intercept
(b) Find the y-intercept
(c) Find the slope
(d) Graph the line
2.(10 points.) Suppose you are a very diligent saver and you deposit $1200 in an ac-
count at the end of each month. Suppose further that the account earns a generous
6.5% interest annually. What will this account be worth if you continue with your
deposits for 20 years?
3.(10 points.) Given a rate of 2.5%, a term of 15 years, a mortgage amount of $135,000,and a monthly payment amount of $900.16, calculate the first two lines of the corresponding mortgage amortization schedule.
Given a rate of 2.5%, a term of 15 years, a mortgage amount of $135,000,and a monthly payment amount of $900.16, calculate the first two lines of the corresponding mortgage amortization schedule.
