msteresalyn1 msteresalyn1

01-07-2017
Mathematics

contestada

Use the future value formula to find the indicated value. FV = $ 5330 n=24; i=0.08; PMT=? PMT=$ (round to the nearest cent)

Respuesta :

Aliwohaish12 Aliwohaish12

01-07-2017

Hi there
The future value formula is
Fv=pmt [(1+r)^(n)-1)÷r]
Solve the formula for PMT
PMT=Fv÷[(1+r)^(n)-1)÷r]
So
PMT=5,330÷(((1+0.08)^(24)−1)÷(0.08))
PMT=79.83

Good luck!

Answer Link

Otras preguntas

How do I sign up for subscription

You are driving in the right lane of an expressway and are approaching a ramp where traffic is entering the expressway. You should

How does dystopian fiction present the power of fear

what is the bmi and the formala to get it

f divided by -2/3 = -1/3

Pls help!!! Thank you! (((:

the following data reflects the number of defects produced on a assembly line at the Deerfield electronics company for the past 8 days 345013231008104312534230

which colony was established primarily for financial gain

2. Find the square root of 49x²y4

what are 3 ways to ensure your message is clear and not misunderstood