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

Summarize the importance of defining an engineering design problem, and explain how the criteria and constraints of the problem influence the design solution.

F(x)=-4x^3+15x^2-8x-3 b.) Determine the possible number of turning points of f(x). # of possible turning points:?

Can 3×m×n be written as 3mn

9. if you wanted ______, I como with you to the store.

Abdul is x years old. His father is thrice as old as him. 10 years ago, Abdul's father was 5 times as old as Abdul was. Which of these equations can be solved t

A O 'B D C A. scrotum C. epididymis What structure is C? B. vas deferens D. testicle

The Code of Federal Regulations that applies to Electronic Records; Electronic Signatures is.. a) 21 CFR 11 b) 21 CFR 50 c) 21 CFR 56 d) 21 CFR 312

In a triangle the angle opposite to the longer side is greater than the angle opposite to the shorter side (two figures of different measurement must be drawn )

If A is a 5 x 7 matrix, then the linear system Ax = b (where b is a 7 x 1 matrix) is underdetermined.a. trueb. false

The round base of a copper tea kettle has a radius of 9 centimeters. What is the base's diameter?