Tom wants to invest $8,000 in a retirement fund that guarantees a return of 8.93% and is compounded monthly. Determine how many years (round to hundredths) it will take for his investment to double. Immersive Reader (20 Points)

6.66 years

8.23 years

I do not understand

7.00 years

8.70 years

6.26 years

7.53 years

Answer not present

6.88 years

7.79 years

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?

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