Hi there The future value formula is Fv=pmt [(1+r)^(n)-1)÷r] Solve the formula for PMT PMT=Fv÷[(1+r)^(n)-1)÷r] So PMT=5,330÷(((1+0.08)^(24)−1)÷(0.08)) PMT=79.83
One half of a number represents the phrase "1/2a" (in this case the variable/number is 'a'". Then because it says "nineteen less than", that means you subtract 19 from one half of the variable.
