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

A shuttle bus leaves from my office at a speed of 32 miles per hour. How many hours will it take to arrive at my house if the distance from the office to my hou

The table shows test scores for six students. Do the data show a positive or a negative correlation? Can the data be used to show causation?

PLEASE HELPP What is the solution to the following system of equations? x − 3y = 6 2x + 2y = 4 (-1, 3) (3, -1) (1, -3) (-3, 1)

The map shows Europe in 1871. Map of Europe in 1871. Existing empires shown are: United Kingdom, France, German Empire, Russian Empire, Austria-Hungary, Kingdom

its given that x varies directly with y square and x=3 and y=3.Find the value of x when y=45

You earn 255 points for defeating 85 enemies. How many points do you earn for defeating 16 enemies

I REALLY NEED HELP!!!!!!!!!!!!

calculate the magnitude of the net force on a 4.5 kg mass if the mass moves straight up at constant speed

What is sin 28°? 62 17 8 28 90° 15

A collaborative selling environment makes the sales pitch more challenging for salespeople. O True O False