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

i wasnt there yesterday and got late today cuz i was home late from spending the night at freinds house

If the discriminant of a quadratie equation is equal to -8 which statement describes the root There are two complex too There are two real roots There is one re

BIn Babalon what is revealed by the flash forward at the end of the story

Who was James Oglethorpe

Rectangle A has length 12 and width 8. Rectangle c has lenth 30 and width 15. A.Is Rectangle A a scaled copy of rectangle B? If so, What is the scale factor? B.

Which topic would be best for a compare and contrast essay? A. the poem "Black Snake" and the short story "Stray" B. the cat in "The Golden Cat" and the sna

An electric eel (Electrophorus electricus) can produce a shock of up to 600 V and a current of 1 A for a duration of 2 ms, which is used for hunting and self-de

Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses for the month:Direct materials

The temperature in Minneapolis changed from -7 to 7. How much did the temperature increase

4. The specific heat of aluminum is 0.902 J/g. If a metal smith has 300g of aluminum and wants to melt it down to make a lock. He increases the temperature from