Question: Give settings or statements to determine the solution with TVM Solver, Excel, or Wolfram|Alpha. Data in Exercise 5 The weekly payment on a 2-year loan

Give settings or statements to determine the solution with TVM Solver, Excel, or Wolfram|Alpha.


Data in Exercise 5

The weekly payment on a 2-year loan at 7.8% compounded weekly is $23.59. Calculate the amount of the loan. 

Step by Step Solution

3.44 Rating (163 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Annuity PV pmt 23... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finite Mathematics And Its Applications Questions!