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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 98 times)

corkyiscool3328

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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
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Marked as best answer by corkyiscool3328 on Jun 16, 2021

amit

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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.
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corkyiscool3328

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Reply 2 on: Jun 16, 2021
YES! Correct, THANKS for helping me on my review

alexanderhamilton

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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