Maymay & James purchased an item valued at $147,000. They paid $22,050 down and financed the...
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Maymay & James purchased an item valued at $147,000. They paid $22,050 down and financed the rest at 2.72% compounded monthly. To reduce the amount owing to $36,940 at the end of 6 years, what size of equal payments must Maymay & James make at the end of each year? Enter the present value as a positive value in the PV box below. Enter PMT and FV as positive or negative values based on PV being positive. Report PMT accurate to the nearest cent. P/Y = 1 C/Y = 12 N = 6 1/Y= 2.72 PVS 124950 PMT= $ Maymay & James purchased an item valued at $147,000. They paid $22,050 down and financed the rest at 2.72% compounded monthly. To reduce the amount owing to $36,940 at the end of 6 years, what size of equal payments must Maymay & James make at the end of each year? Enter the present value as a positive value in the PV box below. Enter PMT and FV as positive or negative values based on PV being positive. Report PMT accurate to the nearest cent. P/Y = 1 C/Y = 12 N = 6 1/Y= 2.72 PVS 124950 PMT= $ Maymay & James purchased an item valued at $147,000. They paid $22,050 down and financed the rest at 2.72% compounded monthly. To reduce the amount owing to $36,940 at the end of 6 years, what size of equal payments must Maymay & James make at the end of each year? Enter the present value as a positive value in the PV box below. Enter PMT and FV as positive or negative values based on PV being positive. Report PMT accurate to the nearest cent. P/Y = 1 C/Y = 12 N = 6 1/Y= 2.72 PVS 124950 PMT= $
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Related Book For
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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