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Author Question: Find the payment amount p needed to amortize the given amount. Assume that a payment is made in each ... (Read 61 times)

javeds

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Question 1

Find the payment amount p needed to amortize the given amount. Assume that a payment is made in each of the n compounding periods per year.

P = $8000; i = 9%; t = 5 yr, compounded semiannually
◦ $1009.88
◦ $1011.03
◦ $1246.55
◦ $1100.59

Question 2

Find the payment amount p needed to amortize the given amount. Assume that a payment is made in each of the n compounding periods per year.

P = $1200; i = 12%; t = 2yr, compounded quarterly
◦ $154.12
◦ $241.57
◦ $170.99
◦ $170.95


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Marked as best answer by javeds on Jun 16, 2021

Edwyer

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javeds

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Reply 2 on: Jun 16, 2021
:D TYSM


upturnedfurball

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Reply 3 on: Yesterday
Gracias!

 

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