Find the payment amount p needed to amortize the given loan amount. Assume that a payment...
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Find the payment amount p needed to amortize the given loan amount. Assume that a payment is made in each of the n compounding periods per year. P = $75,000; r = 9%; t = 14 yr, compounded annually What is the correct formula for this situation? A n ○ ¤- p(1. :-)* _ "[(¹ + -)*-1] Click to select your answer(s). OB. OR P(1.4)".. (¹.:)". [(**) *-*) nt OD. A=P(1+1) n Find the annual payment. p=$(Round to the nearest cent as needed.) Find the payment amount p needed to amortize the given loan amount. Assume that a payment is made in each of the n compounding periods per year. P = $75,000; r = 9%; t = 14 yr, compounded annually What is the correct formula for this situation? A n ○ ¤- p(1. :-)* _ "[(¹ + -)*-1] Click to select your answer(s). OB. OR P(1.4)".. (¹.:)". [(**) *-*) nt OD. A=P(1+1) n Find the annual payment. p=$(Round to the nearest cent as needed.)
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Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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