Question: Find the periodic payment that will render the sum FV = $17000 , interest is 8% compounded monthly , payments made at the end of

Find the periodic payment that will render the sum

FV = $17000 , interest is 8% compounded monthly , payments made at the end of each month for 3 years

Options:

A. PMT = 419.38

B. PMT =5032.62

C. PMT =895.82

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