just 19 & 37. please no excel format to solve it.

SECTION 3.4 Present Value of an Annuity; Amortization Simple interest Single payment A = P(1 + rt) Compound interest (or continuous compound interest) A = P(1 + i)" (or A = Pen (1 + i)" - 1 FV = PMT Future value of an equence ordinary annuity of ayments Present value of an ordinary annuity g the correct formula for a problem 1 - (1 + i)" PV = PMT i B In Problems 15-22, use formula (5) or (6) to solve each problen 15. n = 30; i = 0.04; PMT = $200; PV = ? ent of 16. n = 40; i = 0.01; PMT = $400; PV = ? 17. PV = $40,000; n = 96; i = 0.0075; PMT = ? 18. PV = $14,000; n 72; i = 0.005; PMT = ? 19. PV = $5,000; i = 0.01; PMT = $200; n = ? Problems 37 and 38 refer to the following ads. 37. The ad for a Bison sedan claims that a monthly payment of $299 constitutes 0% financing. Explain why that is false. Find the annual interest rate compounded monthly that is ac- tually being charged for financing $17,485 with 72 monthly payments of $299. 4 4 2020 BISON SEDAN Zero down -0% financing $299 per month 2020 BISON SUV Zero down -0% financing $399 per month She Buy for $17,485. Buy for $23,997. * Bison SUV, 0% down, 0% for 72 months * Bison sedan, 0% down, 0% for 72 months