Consider the accompanying cash-flow diagram.
a. If P = $1,000, A = $200, and i % = 12% per year, then N = ?
b. If P = $1,000, A = $200, and N = 10 years, then i = ?
c. If A = $200, i % = 12% per year, and N = 5 years, then P = ?
d. If P = $1,000, i % = 12% per year, and N = 5 years, then A = ?

Transcribed Image Text:

A/vear N-1 N End of Year Interest-7%/year