claret purchased 2 handbags and a wallet the cost of each handbag was $10 more then the wallet if she spent a total of $60 for t
1 answer:
You might be interested in
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>
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>