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 53 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
Gracias!

ghepp

  • Member
  • Posts: 361
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

The Movius line separates regions of the world where Acheulean hand axes were made from regions wher The Movius line separates regions of the world where Acheulean hand axes were made from regions wher
Behavior modification has been useful in raising the amount of social responding by children with ... Behavior modification has been useful in raising the amount of social responding by children with ...
How to find the derivative of a function when the base and exponent contain a variable x^x How to find the derivative of a function when the base and exponent contain a variable x^x
Find Your Blind Spot Find Your Blind Spot
Find the magnitude and the direction of the resultant vector of the vectors below. Find the magnitude and the direction of the resultant vector of the vectors below.
No payments were made on a $2,598 loan during its three-year term. What was the annually ... No payments were made on a $2,598 loan during its three-year term. What was the annually ...
Video: Types of synapses - electrical & chemical

For a complete list of videos, visit our video library