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 statement below was made by Thomas Jefferson in a 1786 letter to John Jay ...our liberty, which cannot be guarded by the freedom of the press... © 2013 FLVS

Can someone explain how to do #7?

How many cups in 2 gallons

In French, the expression huit jours refers to a week. Quinze hours refers

1. A filibuster to block a vote on a bill is possible.A. Only in the house, which is almost unrestrained.B. only in the Senate which is almost unrestrainedC. Mo

plzs hurry and answer this!!!!!!!!!!!!!!!!!!!

Walter fisher argues that _____ are how we build communities and relationships and create our lives.

when the POST is complete,t he operating systems is loaded into?

Yearly homeowner property taxes are figured at a rate of $1.15 tax for every $100 of home value. Find the property taxes on a townhouse valued at $73,000.

how is multiplying two decimals different from multiplying a one decimal by a whole number?