Find the required monthly payment to accumulate 2,000 in 1 year and five months at an APR of 4.34 % compounded montly for an annuity. The formula is A= Pmt +((1+r/n) power to the nt and -1. Then underneath is a dividing line and (r/n) is underneath that line.
Find the required monthly payment to accumulate 2,000 in 1 year and five months at an APR of 4.34 % compounded montly for an annuity. The formula is A= Pmt +((1+r/n) power to the nt and -1. Then underneath is a dividing line and (r/n) is underneath that line.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Find the required monthly payment to accumulate 2,000 in 1 year and five months at an APR of 4.34 % compounded montly for an
The formula is A= Pmt +((1+r/n) power to the nt and -1. Then underneath is a dividing line and (r/n) is underneath that line.
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