Quant Lit Task 4

The information we be limitking in this exercise is to algebraically solve and graphically show the twain nest egg figurer programs so we can come across a break steady point, the residuum of the invoices at 14 months and the balance of the accounts at 23 months. saving(a)s stick out A is represented by adding $ cd to the reaping of $20 cypher by the number of hebdomadary accommodates. $four hundred+20X=Y The balance of savings mean B is found by adding $600 to the product of $10 multiplied by the number of monthly deposits. $600+10X=Y In magnitude to find a constant inconstant we are deviation subtract one plan from the other. 20x+400=Y 10X+600=Y 10x-200=y To solve for X we volition set Y advert to 0. 10X-200=0 10X=200 X=20 When we install this twin in the saving plans we will be equal to solve for Y. 600+10(20)=0 or Y400+20(20)=0 or Y 600+200=800 or Y400+400=800 or Y Y=800800=Y resolving is the consistent equal (20,800) This is because in twain equations when X=20 Y=800. The following graph compares the two saving plans and contains the Y intercept of both plans and the point at which both plans brook the same balance. If we use the graph to find the balance of Plan A by and by 14 months we see the ordered pair (14,$680) with plan B we see the ordered pair (14,$740). By comparing these two points we get along that after 14 months savings plan B will film a larger balance. If we use the graph to find the savings plan of from each one account after 23 months we see the ordered pair (23,$860) with savings plan B we see the ordered pairs (23,$830). By comparing these two points we know after 23 months plan A will bedevil the larger balance of the two. The cause Quadrant one is the applicable quadrant is because we are start with positive X and Y values that are increasing. Because we are making positive deposits to the account every month and non withdrawing any of the money we will only when be functional with positive numbe! rs. In both saving plans the initial deposit is represented at the Y intercept...If you unavoidableness to get a full essay, order it on our website: OrderCustomPaper.com

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