Estimate the present value of an annuity if payments are $760 monthly for 12 years and the account earns interest at the rate of 10%/yr compounded continuously. (Round your answer to two decimal places.)

step-by-step explanation:

step 1: solve one of the equations for one of the variables. let's solve the first equation for y:

step 2: substitute that equation into the other equation, and solve for x.

step 3: substitute x = 4 x = 4 x=4 into one of the original equations, and solve for y.

add -60 to 120 which will result in : 2x+3y=180

then subtract 2x: 3y=-2x+180

lastly, divide by 2: y= -2/3x+60

hope this is the answer you're looking for: )