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

Why is the Ganges River so polluted?

Law/legislation of poor against children

Which of the following is an example of nonverbal communication? whispering giving feedback asking a question frowning

What's 2/3 written as a fraction with a denominator of 9?

How many times does 16 go into 40

what is the difference between the State Department and the Department of Defense?

What was the initial goal of apartheid? Ensure a balanced system of representation for all people Maintain white domination and extend racial separation Create

The process of exposing animals to caring human contact is known as.......?A.) ImprintingB.) Fear periodc.) Sensitive periodD.) Socialization

If a new jacket sells for $30, find the total cost if you were charged 5% sales tax. Round your answer to the nearest cent.

Who benefited the most from the Industrial Revolution? a. The Industrial Working Class b. The Industrial Middle Class c. Farmers d. Miners