6-a/a+5 =

a) 6-a times a + 5
b) 6-a divide a+5
c) (6-a) times (a+5)
d) (6-a) divide (a+5)

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