Answer:
(5x - 12) - 4x = -36
Step-by-step explanation:
Answer:
bro are u serious I am done with this maths and asking me
Answer:
Monthly deposit= $684.23
Step-by-step explanation:
Giving the following information:
Number of periods= 5*12= 60 months
Interest rate= (0.09/12)= 0.0075
Future value= $51,607.5
<u>To calculate the monthly deposit, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (51,607.5*0.0075) / [(1.0075^60) - 1]
A= $684.23