show ur work please make it easy to understand. my teacher isn't giving enough examples and it's making me go crazy :')

Financy 20 I Payout Annuity Formula -Nk d + k P. (1-(+1) 6 k Po is the balance in the account at the beginning (starting amount, or principal). d is the regular withdrawal (the amount you take out each year, each month, etc.) r is the annual interest rate (in decimal form. Example: 5% = 0.05) k is the number of compounding periods in one year. N is the number of years we plan to take withdrawals Practice similar Find the monthly payment needed to pay off a 2 year loan of $2800 which has an annual interest rate of 5% compounded monthly. Monthly payment = $ Submit