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

how can asteroids be used to find correlation of rocks

A club has 6 members. From these members,the positions of president and vice president have to be filled. In how many different ways can these 2 positions be fi

I need help with this step by step please.

Which family took over rule of the islamic empire?

In a city, electricity charges are calculated as follows:A fixed charge of $20 plus 30 cents per unit of electricity used.Taking 2 cm to represent 50 units on t

Linear Equations Question 2 What is the y-intercept in the equation y = 4x - 3?

explain in details three security countermeasures you know.

What’s the sum of the measures of the exterior angles of a 53-gon? A) 6.8 degrees B) 360 degrees C) 173.2 D) 9180 degrees

summary of gentelmans' C

plot the following equation using the x- and y- intercepts. If both intercepts are zero, find at least one other point. Then click on the correct graph below x