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 :

mathmate mathmate

03-07-2017

The future value formula:
F=A((1+i)^n-1)/i =>
A=F*i/((1+i)^n-1) where A=annual (period) payment, i=0.08, n=24 years (or periods), and F=5330
=5330*0.08/(1.08^24-1)
=82.83
Check:
F=82.83((1.08^24-1)/.08
=5530.125 ok.

Answer Link

Otras preguntas

Use the chart above to answer this question. What form of government is being described in Column A A. Autocracy B. Communist C. Presidential Democracy D. Parli

f(x)=2x^(2)-5x-20 find f(-9)

POSSIBLE POINTS: 12.5 A 35 kg object is on the surface of Venus. Venus has a mass of 4.87x10^24 kg and a radius of 6.05x10^6 m. What is the mass of the object o

(Double check! For a load of points) 1.Which sentence supports the idea that Miss Fairchild's elegant appearance masks her internal conflict? A. "In one coach t

Write a linear function with the values f(6)=8 and f(9)=3*PLEASE HELP IM SO LOST*

Reagan and Nathan are 40 miles apart on a bike trail when they start pedaling toward each other on their b bicycles. Reagan rides at a constant speed of 8 miles

Identify if it’s a fragment or a sentence you will get brainlist if you answer me

through: (2, 5), slope = 1/2 *50 POINTS!*

How does your pulse rate relate to a workout where you don’t have to work real hard?

Which of the following is equivalent to (a-2)(a^2+2a+4)? A.a(a-2)(a-2) B.a(a+2)(a-2) C.a^3+8 A.a^3-8