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

The height of a meeting room that's measures 19 m by 12 m is 3 m. Glen plans to apply 2 coats of paint to the walls of the room. A 4 L can of paint covers about

simplify(-8) exponent 2

What type of government does Myanmar/Burma have??

18/48 as it's simplest form?

What issues led to the revolts in South America? social injustice slavery emigration economic restrictions

PLEASE HELP I GIVE THANKS

Which explains why Hawaii has a steady warm, moist climate? A. Several warm water ocean currents bring warm water to the islands. B. The high heat capacity of t

6. Which statement has been proven true of children of adolescent parents? (Points : 1) They have lower IQs. They are less connected to their parents. They have

What does this poem mean "pretty girl, with faraway eyes, why do you look with such surprise? How did you get to be so wise, old girl in young-girl disguise"

Find all the powers of 3 in the range 3 through 1,000.