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Please help due today!!!!
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3 votes
Please help due today!!!!

Please help due today!!!!-example-1
User Skyleguy
by
7.6k points

1 Answer

2 votes

Answer:

  • $516

Explanation:

Given:

  • A = $36000
  • i = 6% or 0.06
  • n = 5*12 = 60 (5 years with 12 periods each)
  • d = ?

Use the given formula and find d:


  • A=d(((1+0.06/12)^(60)-1)/(0.06/12))

  • 36000=d*69.77

  • d=36000/69.77

  • d =516
User Tflutre
by
8.4k points
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