Tuesday

September 2, 2014

September 2, 2014

Posted by **Beth** on Wednesday, December 7, 2011 at 9:43pm.

- algebra -
**Reiny**, Wednesday, December 7, 2011 at 10:38pmlet the payment be P

P( 1.06^5 - 1)/.06 = 76000

P(.63709296)

P = 13482.13

**Answer this Question**

**Related Questions**

MATH HELP - Find the periodic payments necessary to accumulate $20,000 in a ...

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

calculus - The proprietor of Carson Hardware Store has decided to set up a ...

Finance - Joseph has just retired and is trying to decide between two retirement...

math - Djer invests $5000 each year into a mutual fund earning 6.15% compounded ...

accounting - novelty industries is establishing a sinking fund to redeem rs ...

Finite Math - The amount desired in a sinking fund is given. Find the periodic ...

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

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

Finite Math - A sinking fund is the accumulated amount to be realized at some ...