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

How MIGHT the location of the Chattahoochee River have contributed to the development of trade in Georgia? A) The natural beauty of the river continues to attra

President Clinton failed to bring about a change in A. gun control. B. health care. C. the minimum wage. D. access to college loans.

Steven has some money if he spends 9.00 ,then he will have 3/5 of the amount he started with

Which phrase best describes Jimmy Carter? dishonest Georgia governor old-school politician Washington insider Washington outsider

Criminal trials for charges of murder and other serious crimes would be conducted in the state court system unless the charges involved multiple states, non-cit

Earth is divided into 24hours standard time zone because. A.the time zone is a few hours per mile. B earth rotates west and the day starts earlier in the west.

Explain how to compare two ratios?

Besides respiration, what other ways is carbon released into the atmosphere?

Dexter has 44 tiles left over from tiling his bathroom floor and he would like to use them to tile the front entrance of his house. Each tile has an area of 9 i

Determine whether each number is a solution of the given inequality. 3y-8<22