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

asked Apr 5, 2023 219k views

3 votes

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6 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

Simon Mo answered Apr 10, 2023

7.7k points

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