msteresalyn1
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 :

mathmate
mathmate mathmate
  • 03-07-2017
The future value formula:
F=A((1+i)^n-1)/i  =>
A=F*i/((1+i)^n-1)  where A=annual (period) payment, i=0.08, n=24 years (or periods), and F=5330
=5330*0.08/(1.08^24-1)
=82.83
Check:
F=82.83((1.08^24-1)/.08
=5530.125  ok.
Answer Link

Otras preguntas

what is the GCF of 12x and 44xy
Lim[(sqrt(cos(2x))-cubicrootof(cos(x))]/arctg(x^2) when x->0
why do we use a coeficient to remove the propotionality
When this car moves forward by 180 cm, each wheel does one full turn. What is the diameter of the wheels to the nearest centimetre?
Choose the right variant 1 This book will take to years to write. A. After two years I'll write this book B. In two years time I'll have written this book C . A
Is velocity related to momentum
Six nickels is what percent of one dollar? What percent of $2.00 would it be? Please help.
Is velocity related to momentum
Is velocity related to momentum
what value of a makes the equation true? 9a+2=4a-18