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 point (0, 0) is a solution to which of these inequalities?

Most evaporation occurs in large bodies of water, usually oceans, near the equator.true or falst

when we examine the structures of the other terrestrial planets in our solar system, we see that their structure is similar to Earth’s. Why do you think this is

a-4-5a=1–3a solve each equation

the national average for the math portion of the college boards SAT is 521 with a standard deviation of 84 and the median is 521. What is the shape of the SAT m

Natasha bought a new CD player on Friday. It cost $72. On Monday, she found that the CD player was on sale. The sale price is $54. What percent of the original

John Locke developed _____. Select one: a. The Social Agreement Theory, where he stated that individuals and government should remain solidly bound to each oth

19. Simplify.8(7 - 4)2 + 3 • 2 • 5 A 78 B 102 C 510 D750

Write the chemical symbol for three different atoms or atomic cations with 22 electrons

what in matter can change