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

What measurement could be the length of a pool?

3 An egg is thrown upward with an initial speed of 4 m/s. After 6 seconds, the egg's velocity is m/s

what are the answers to the 21 and 22 pages of the only grammar and style workbook you'll ever need

Which of these statements is true: 1) It is not uncommon for most of the people in the top 5 percent of income-earners to be 45 years old and up. 2) Three-quar

26. Which of the following is an equation for the line that is perpendicular to the line y = 2x - 9 and passes through the point (-4,5)? A. y = 2x+7 B. y = -1/

What is the formula of Sodium Sulfide? A) Na3S₂ B) NaS₂ C) Na₂S D) Nas

3 An egg is thrown upward with an initial speed of 4 m/s. After 6 seconds, the egg's velocity is m/s

Assume the AC generator produce the signal voltage as two sine waves where v = C sin (50 +90)t use compound angle identities to combine individual sine waves in

Determine which set of side measurements could be used to form a right triangle. 3, 11, 20 5, 9, 17 6, 7, 8 6, 8, 10

Please help me with all I will mark you brainly