Question: Use the future value formula to find the indicated value. FV = $ 3 6 5 3 ; n = 1 2 ; i =
Use the future value formula to find the indicated value. FV$; n; i; PMT equals question mark PMT Question content area bottom Part PMTequals$enter your response here Round to the nearest cent. Financial Functions to purchase a house! Remember to divide the interest rate by to calculate the monthly interest rate and multiply the number of years by to represent total monthsMultiply nominal interest rate by to calculate it annuallyAgain divide the interest rate by to obtain the monthly rate for the function Again, divide the interest rate by to calculate the monthly interest rate in your functions. But do not adjust the months because you are given the payback in months!
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