The present value of an annuity is given by
where: PV is the current value of the annuity, P is the periodic payment, r is the apr, t is the number of compounding in one year and n is the number of years.
Thus, given that PV = $51,800; r = 7.8% = 0.078; t = 12; n = 4.
Therefore, the <span>monthly payment is $1,259.73</span>
Answer:
sure can you also sub mine its Inhanace
Step-by-step explanation:
13.196969697
yup mhm oh yeah (its not in simplest form sorry)