it stated 469.60 was incorrect

Chrome File Edit View History Bookmarks Profiles Tab Window Help $ 0 ~ Q 2 0 Wed May 28 4:45 PM Graduatic Graduatic D2L MyLab Fi x Homewo X P Homewo X 56 HIS-113 - X New Tab X + @o mylab.pearson.com/Student/IntegratedAssignmentOverview.aspx?homeworkld=696605909 C + FIN-250-11586-MO1 Personal Financial Planning 2025 C-3 (May - Jun) Craig Thompson 05/28/25 5:45 PM MBS Direct: Home Module Four Activity.docx Upgrade A Homework: 4-2 MyFinanceLab: Question Completed: 2 of 5 Assignment: Module Four Homework Part 3 of 5 My score: 2.4/5 pts (48%) Save Minimize list Compute the monthly payment and the total amount spent for a vehicle that costs $20,000 if you finance the Upload another document entire purchase over 5 years at an annual rate of 6 00 percent Calculate the payment if you finance the car for u notice about the payment under the X Problem P7-4 (st Try again. Question | 1/1 pt The payment for the present value of an annuity is a series of cash flows, discounted back to the present value, at the appropiate discount rate, for the P7-11 (book/static Al Chat @ appropriate number of compounding periods. The payment can be found using the 2 Question | 1/1 pt following equation: to the nearest cent.) Monthly Payment = 23.48 x - PMT = PV x MILPFin- 1, 000 Problem P7-12 (s per year is $ 23, 199.60 . (Round to Monthly Payment = 23.48 x 20 = 469.60 3 to) To solve for the payment using a financial calculator, you will need to input the values of N, I/Y, FV and PV. Make sure you enter a zero for FV, because it is a fully Question | 0/1 pt amortizing loan and nothing will be owed at the end of the loan term. Remember to the nearest cent.) So, the monthly payment for the 4-year loan that either PMT or PV must be entered as a negative number (the solved variable is $469.60. P8-2 (book/static will show the opposite sign). Make sure your annual interest rate is divided by 12 and N is the number of months. Some calculators are preset for monthly payments 1 2 3 4 Question | 0.4/1 pt or 12 periods per year, i.e. P/Y = 12. In this question, the compounding is monthly but since we adjust the interest rate and number of periods to monthly, the setting should be P/Y = 1. Problem P8-7 (sit Relevant documents 5 Question | 0/1 pt Get solution, Summarize, Find reference.. OK Send a question Attach image _ Upload document Do not enter any personal information View an example Etext pages Get more help - Clear all Check answer 328 $6 28