In Problem use formula (5) or (6) to solve each problem. PV = $14,000; n = 72;

Question:

In Problem use formula (5) or (6) to solve each problem.

PV = $14,000; n = 72; i = 0.005; PMT = ?

Formula 5

,1- (1 + i) i PV = PMT- (5)

Formula 6

PMT = i 1- (1 + i) n PV- (6)

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Finite Mathematics For Business Economics Life Sciences And Social Sciences

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Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker

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In Problem use formula (5) or (6) to solve each problem. PV = $14,000; n = 72;

Question:

,1- (1 + i)¹ i PV = PMT- (5)

Step by Step Answer:

The given formulas are for calculating the periodic pa...View the full answer

Finite Mathematics For Business Economics Life Sciences And Social Sciences

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