Answer:
P = (252 - 0.5.2) - (100 + 5%) or you can do P = (252 - 0.5.2) - (100 + .05)
Answer:
y=-3/2x+3
Step-by-step explanation:
y=-3/2x+3
<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)



I use math-a-way it answers questions like that