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July 25, 2014

July 25, 2014

Posted by **Michelle** on Monday, January 17, 2011 at 12:41pm.

d. Write the series that represents the present value of the annuity.

e. Find the monthly payment using the formula.

f. Find the monthly payment using the T1 - 83 plus calculator. In your answer, include the values you entered for each parameter in TVM solver.

- MATHHH -
**Reiny**, Monday, January 17, 2011 at 1:32pmd)

i = .10/12 = .008333..

PV = 9000

= x(1.008333)^-1 + x(.008333)^-2 + ... + x(1.008333)^-60

e)

9000 = x[1 - 1.008333^-60]/.083333

9000 = x(47.0654126)

x = 191.22

f) that's all yours, I don't have one of those.

- MATHHH -
**Chelsea**, Monday, January 17, 2011 at 5:13pmThanks a million!

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