Answer:
x = 10.5
Step-by-step explanation:
Work in the screenshots
I used a online calculator
symbolab. com
Answer:$52.00
Step-by-step explanation:
range is output or y
(x,y)
the range is the 2nd number
when it repeats, don't list again
range=3,5.9,8.3
The monthly deposit should be $81.38.
An ordinary annuity is a fixed payment made for a fixed amount of time at the end of each period.
The formula to determine the monthly deposit is:
Future value / annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
Where:
- r = interest rate = 5.5 / 12 = 0.4583%
- n = 20 x 12 = 240
35,450 / [(1.004583)^240 - 1] / 0.004583 = $81.38
To learn more about how to determine the value of an annuity, please check: brainly.com/question/24108530