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

if m l=45 and m j=65 what is the measure of exterior angle at vertex k

Math help plssssssss (1)

what is the value of F(1)

Which verb mood only includes questions? •Indicative •Imperative •Interrogative •Subjunctive

I need help with number 4

Sheila has a balance of $1190 on her credit card, which she plans to pay off by making a payment of the same amount each month. Which of these monthly amounts w

Explain the message in the Cross of Gold Speech.

Why is it difficult for Brazil to protect its rain forest and improve its economy at the same time? A Many of the activities that would help the economy hurt

what is 60+60+x=180....

During a medical screening, lung capacity testing is a standard procedure A. True B. False