Hannah2561 Hannah2561

01-10-2017
Mathematics

contestada

A loan of $12,500 at 9% is to be repaid with n level payments. if in = 128.04, what is the value of n?

Respuesta :

zrh2sfo zrh2sfo

04-10-2017

present value of annuity = annual payment * [ 1 - (1+i)^-n ]/i

=>

12500 = 128.04 * [1-(1+9%/12^-n]/9%/12

=>n = 42 payments

Answer Link

Otras preguntas

Prepare a dialogue between you and your friend about the global use of mobile phone and its effect to the students.

Work out the value of A A = P + 2q WHEN P = 4 and 7 구

Can someone help me please

12. A helicopter is equipped with cameras to monitor forest fires. The figure below represents a moment in time at which the helicopter is flying at an altitude

Write and solve an equation to determine the measures of the angles in each triangle. 9, 10, and 11

What’s the answer??????????????????

Entries for Uncollectible Accounts, using Direct Write-Off Method Journalize the following transactions in the accounts of Arrow Medical Co., a medical equipmen

Find the area for this problem

Find the slope and the y-intercept of the graph of y=11+1.5x.

What it the length of the leg