Statistics

What formula is used to find the present value? Select the correct answer below and fill in the answer boxes to -S complete your choice. (Type integers or decimals.) O A. 1 - ( 1 + ) P = DB. P = O C. 1800 P= 1 - ( 1 + ) The present value is $ (Round to the nearest cent.) Find the amount of each payment to be made into a sinking fund so that enough will be present to accumulate the N following amount. Payments are made at the end of each period. $5,300; money earns 8.4% compounded monthly for 3- years. (Type integers or decimals.) O A. R= (1 +[)) O B. R= O C. R= (1+ OD. R= 1 + 1 OE. R= 1+ Each payment is $ (Round up to the nearest cent.)