This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Find the payment amount p needed to amortize the given amount. Assume that a payment is made in each ... (Read 113 times)

corkyiscool3328

  • Hero Member
  • *****
  • Posts: 539
on: Jun 16, 2021

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 = $10,000; i = 6%; t = 7 yr, compounded annually
◦ $2033.64
◦ $1610.36
◦ $1791.34
◦ $1808.84

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 = $120,000; i = 8%; t = 10 yr, compounded annually
◦ $17,883.49
◦ $16,809.08
◦ $19,209.53
◦ $17,880.82
Calculus and Its Applications ¦ Bittinger, Ellenbogen, Surgent ¦ 11th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by corkyiscool3328 on Jun 16, 2021

amit

  • Sr. Member
  • ****
  • Posts: 364
Reply #1 on: Jun 16, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 49% of students answer this correctly


corkyiscool3328

  • Member
  • Posts: 539
Reply 2 on: Jun 16, 2021
Excellent

tuate

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Modifications to eukaryotic pre-mRNA are needed to create a functional (mature) mRNA molecule Modifications to eukaryotic pre-mRNA are needed to create a functional (mature) mRNA molecule
A demonstration engine showing the amount of water that can be circulated through the cooling ... A demonstration engine showing the amount of water that can be circulated through the cooling ...
The tools and equipment needed to perform a compression test include a compression gauge, an air ... The tools and equipment needed to perform a compression test include a compression gauge, an air ...
How to find two positive angles less than 360° that have a tangent of −2.25 How to find two positive angles less than 360° that have a tangent of −2.25
How to use the squeeze theorem to find the limit of a function How to use the squeeze theorem to find the limit of a function
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
Video: Generalized life cycles for plants and animals Animation

For a complete list of videos, visit our video library