3. In the 2nd week of the year, Carrie had $700 in her savings account. At 5 weeks she had $325. Use the tableto help you if needed.46.Weeks in year (x)1Total savings (y)Write an equation that represents this situation.YesNoIs the equation you wrote proportional?Why or Why not?

Given At x=2, y=700 At x=5, y=325 Consider the equation as y=ax+b …(1), where a and b are…

3. In the 2nd week of the year, Carrie had $700 in her savings account. At 5 weeks she had $325. Use the table to help you if needed. Weeks in year (x) 4 6. Total savings (y) Write an equation that represents this situation. Is the equation you wrote proportional? Yes No Why or Why not?

3. In the 2nd week of the year, Carrie had $700 in her savings account. At 5 weeks she had $325. Use the table to help you if needed. Weeks in year (x) 4 6. Total savings (y) Write an equation that represents this situation. Is the equation you wrote proportional? Yes No Why or Why not?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Present Value

Present value (PV) is defined as the current or present value of all future sums of cash flow or money at a specified rate of return. This rate of return is known as the discounted rate, which is essentially the interest rate, discounted over some time. The expected cash flows are discounted at a discount rate to compute the present value. The higher the discount rate, the higher the future value (FV), but the lower the present value.

Question

3. In the 2nd week of the year, Carrie had $700 in her savings account. At 5 weeks she had $325. Use the table
to help you if needed.
4
6.
Weeks in year (x)
1
Total savings (y)
Write an equation that represents this situation.
Yes
No
Is the equation you wrote proportional?
Why or Why not?

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