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

plz help me draw things that are found inside the ribosome such as nucleus, cytoplasm, ribosome, DNA, mRNA, tRNA, amino acids, peptide bonds, amino acid codon c

The functions f and g are defined as follows.

Ella let a candle as part of our holiday celebration the candle was 10 cm long and burn at a constant rate for 5 seconds what was the unit rate of the candle bu

Simplifying leave your answer in index form. 3 to the power of 2 ×3 by the power of 6 ÷3 by the power of 5

pls answer quickly and include details

What is the term for a mixed (boy and girl) squad?

Consider this scenario: Rachel and Sam open a restaurant. After a few weeks, they start receiving excellent responses and reviews. One day, Rachel takes a photo

A family of 8 people is entitled to a ratio of 6400 grams of sugar. What will be the sugar ratio for a family of 10 people?

Examine the juxtaposition of the words "buy," "sell," "borrow," and "lend." How do these ideas create a paradox concerning the speaker's message? Write two to t

Morgan made a mistake when subtracting the rational expressions below 3t^2-4t+1/t+3-t^2+2t+2/t+3=2t^2-2t+3/t+3. What was Morgan's error? A. Morgan forgot to com