Need help to solve PMT with detailed explanation cause my textbook got me confused

Orville asked Feb 6, 2023

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22 votes

Orville asked Feb 6, 2023

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24 votes

Given:

Required:

Simplify the given

Step-by-step explanation:

$(100000*0.0075)/(1-(1.0075)^(-180))=(750)/(1-0.2605)=(750)/(0.739)\approx1013.51$

Final answer:

1013.51

BST Kaal answered Feb 13, 2023

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