<u>Answer-</u>
<em>You need to deposit $337.62 each month, to reach this goal.</em>
<u>Solution-</u>
We know that,
![\text{FV of annuity}=P[\frac{(1+r)^n-1}{r}]](https://tex.z-dn.net/?f=%5Ctext%7BFV%20of%20annuity%7D%3DP%5B%5Cfrac%7B%281%2Br%29%5En-1%7D%7Br%7D%5D)
Where,
P = periodic payment
r = rate per period
n = number of period
Here,
Putting the values,
![\Rightarrow 2500000=P[\frac{(1+\frac{9}{1200})^{540}-1}{{\frac{9}{1200}}}]](https://tex.z-dn.net/?f=%5CRightarrow%202500000%3DP%5B%5Cfrac%7B%281%2B%5Cfrac%7B9%7D%7B1200%7D%29%5E%7B540%7D-1%7D%7B%7B%5Cfrac%7B9%7D%7B1200%7D%7D%7D%5D)
![\Rightarrow P=\frac{2500000}{[\frac{(1+\frac{9}{1200})^{540}-1}{{\frac{9}{1200}}}]}](https://tex.z-dn.net/?f=%5CRightarrow%20P%3D%5Cfrac%7B2500000%7D%7B%5B%5Cfrac%7B%281%2B%5Cfrac%7B9%7D%7B1200%7D%29%5E%7B540%7D-1%7D%7B%7B%5Cfrac%7B9%7D%7B1200%7D%7D%7D%5D%7D)
Step-by-step explanation:
Nsjssjsjsjshsnmsksjnsnsns
In the largest triangle, the missing side has length
√((11 + 5)² - <em>x</em> ²) = √(256 - <em>x</em> ²)
But it's also the hypotenuse of the triangle with side lengths 11 and <em>y</em>, so that its length can also be written as
√(11² + <em>y</em> ²) = √(121 + <em>y</em> ²)
so that
√(256 - <em>x</em> ²) = √(121 + <em>y</em> ²)
or, by taking the squares of both sides,
256 - <em>x</em> ² = 121 + <em>y</em> ²
<em>y</em> ² = 135 - <em>x</em> ²
In the smallest triangle, you have
5² + <em>y</em> ² = <em>x</em> ² ==> <em>x</em> ² = 25 + <em>y</em> ²
Substitute this into the previous equation and solve for <em>y</em> :
<em>y</em> ² = 135 - (25 + <em>y</em> ²)
<em>y</em> ² = 110 - <em>y</em> ²
2<em>y</em> ² = 110
<em>y</em> ² = 55
<em>y</em> = √55
Positive relationship I would assume because the longer the taxi ride the more it will cost and vice versa.
