Loga x=n ⇔ a^n=x
log₇ 21=x
x=log ₇ 21
x=ln 21 / ln7=1.564575034...
Answer: x=log₇ 21
Based on the value of the annuity, the amount it earns, and the compounding period, the money paid to Nathan each month will be B. $5,840.62.
<h3>How much will Nathan be paid monthly?</h3>
The amount Nathan will be paid is an annuity because it is constant.
First find the monthly interest and the compounding period in months:
= 4.8/12 months
= 0.4%
Number of compounding periods:
= 20 x 12
= 240 months
The monthly payment is:
Present value of annuity = Annuity x ( 1 - (1 + rate) ^ -number of periods) / rate
900,000 = A x ( 1 - (1 + 0.4%)⁻²⁴⁰) / 0.375%
900,000 = A x 154.0932
A = 900,000 / 154.0932
= $5,840.62.
Find out more on the present value of an annuity at brainly.com/question/25792915.
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Answer:
there are no equations I can choose from
Step-by-step explanation:
...
Step-by-step explanation:
First, we need to add all the checks and money he has.
295.50
10.00
6.25
+________
3 6 1 . 7 5
Total- $361.75
Now, we have to subtract 5 from this.
361.75
5.00
-______
3 5 6 . 7 5
The total deposit is $356.75
