Monday

January 26, 2015

January 26, 2015

Posted by **Anonymous** on Friday, November 11, 2011 at 4:43pm.

- Math -
**Reiny**, Friday, November 11, 2011 at 5:03pmlet P be the payment

30000 = P(1.06^16 - 1)/.06

solve for P

- OOPS, (sorry Rick Perry) Math -
**Reiny**, Friday, November 11, 2011 at 5:04pmthat should have been

30000 = P(1 - 1.06^-16)/.06

**Answer this Question**

**Related Questions**

Math - Jeff Associates borrowed $30,000. The company plans to set up a sinking ...

Finance - Lance Industries borrowed $130,000. The company plans to set up a ...

Math Finance - Word problem asks to find rate of interest on a monthly deposit ...

Business Finance - In 9 years, Rollo Company will have to repay a $100,000 loan...

Math sinking payment - Could some one please explian What is a sinking fund ...

math - A man asks for a loan for $5,000 for 14 days. He receives the loan plus $...

college - A company is considering the purchase of a forest that is estimated to...

Math - You have borrowed $135,000 from the bank today. You are required to repay...

business math - Joan Roe Borrowed $85,000 at a rate of 113/4 percent. The date ...

accounting - A bond sinking fund investment is started on January 5, 2010, by ...