I think it is 159.6 I hope it’s right
The quotient is<em> 197</em> .
You have a choice of 3 tools to use, any one of which will return the same answer:
-- your calculator
-- your pencil
-- your brain
What do you want me to solve for?
Answer:
16
Step-by-step explanation:
First find the amount at the end of the deferment period using the formula of the future value of a compound interest
A=8,960×(1+0.2735÷12)^(6)
A=10,257.25
Use the amount we found as the present value to find the monthly payment by using the formula of the present value of an annuity ordinary to get
PMT=10,257.25÷((1−(1+0.2735
÷12)^(−12×6))÷(0.2735÷12))
=291.27 ....Answer
