Jake Werkhelser decides to invest $8000 in an IRA at the end of each year for the next 8 years. If he makes these Investments, and if the certificates pay 12%, compounded annually, how much will he have at the end of the 8 years?
(a) State whether the problem relates to an ordinary annuity or an annuity due.
ordinary annuity
annuity due
(b) Solve the problem. (Round your answer to the nearest cent.)
$
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step-by-step explanation:

let

we know that

the y-intercept is the y-coordinate of the point when the value of x is equal to zero

so

the y-coordinate of the point a is the y-intercept

the answer part a) is

the value of y-intercept is

part b) find the slope m

we know that

the value of the slope is equal to

substitute the values

therefore

the answer part b) is

the value of the slope is equal to

the general answer is

the slope is

the value of y-intercept is

ur mom

step-by-step explanation: