Answer:
Hello! The answer would be
=
4
Step-by-step explanation:
The steps are duplicated.Then, first I will write the steps in the right form:
19 = 5x - 1
20 = 5x
4 = x
Now, I will write the steps with the justification
19 = 5x - 1.... start
20 = 5x ..... Reason: addtion property of equality (you get this by adding +1 to both sides of the previous equality)
4 = x .... Reason: division property of equality (you get this by dividing by 5 both sides of the previous equality)
present value of annuity = annual payment * [ 1 - (1+i)^-n ]/i
=>
12500 = 128.04 * [1-(1+9%/12^-n]/9%/12
=>n = 42 payments