Devon's mom pledged 23.80 for the fun-run. devons dad says he will pay one and a half times the amount hims mom paid. how much will devons dad pledge

the monthly payment is $636.02

Step-by-step explanation:

The computation of the monthly amount deposited i.e. PMT is given below:

GIven that

NPER = 15 × 12 months = 180

RATE = 5% ÷ 12 = 0.4167%

PV = $0

FV = $170,000

based on the above information

The formula is shown below:

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

AFter applying the above formula, the monthly payment is $636.02