Your goal is to create a college fund for your child. Suppose you find a fund that offers an APR of 5% How much should
you deposit monthly to accumulate $170,000 in 15 years?

the monthly payment is $636.02

Step-by-step explanation:

The calculation of the monthly amount deposited i.e. PMT is shown below:

GIven data

NPER = 15 × 12 months = 180

RATE = 5% ÷ 12 = 0.4167%

PV = $0

FV = $170,000

based on the above information

The formula is given below:

= PMT(RATE;NPER;PV;FV;TYPE)

After applying the given formula, the monthly payment is $636.02

this answer is !

no oblique asymptote

step-by-step explanation:

to find the oblique asymptote of f(x)

here numerator has degree 1 and denomintor degree 2

degree of numerator < degree of denominator

hence there is no oblique asymptote

when the degree of the denominator > that of the numerator, we saw that the value in the denominator got so much bigger, so quickly,   giving us a horizontal asymptote of the x-axis. or we can write

f(x) = a polynomial of x + a proper fraction.

in this case only we have oblique asymptotes but not when numerator has less degree.