Questions Math
Use a calculator to evaluate an ordinary annuity formula for m, r, and t (respectively). Assume monthly payments. (Round your answer to the nearest cent.)
$150; 8%; 35 yr
Answer = $12.87 but I am wrong can u please help?
You can ask a new question or answer this question .
Similar Questions
Top answer:
very vague question the way it is presented m, r, and t are not defined Do you want Present Value or
Read more.
Top answer:
To evaluate the ordinary annuity formula A = m(1 + r/n)^(nt) - 1/(r/n) for the given values, follow
Read more.
Top answer:
r = .05/12 = .004167 interest per payment 1+r = 1.004167 n = 12*40 = 480 number of payments amount =
Read more.
Top answer:
sorry - your eye-watering text formatting makes me disinclined to figure out what you have written.
Read more.
Top answer:
To evaluate the ordinary annuity formula, you need to substitute the given values for m, r, and t
Read more.
Top answer:
Rude. But you're right. Just type it in.
Read more.
Top answer:
To determine which adjustment is needed for an annuity due to use the ordinary annuity formula,
Read more.
Top answer:
To use the ordinary annuity formula for an annuity due, you need to make an adjustment to the
Read more.
Top answer:
what, no calculator? 150((1+.8/1)^(40)-1)/(.80*1) I'm assuming n=1, since you don't say... you can
Read more.
Top answer:
To calculate the total value of the annuity at the end of the 5-year period, we need to use the
Read more.