1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ilya [14]
3 years ago
9

Find the amount of each payment necessary to amortize the following loan.

Mathematics
1 answer:
Sonbull [250]2 years ago
3 0
Use the formula of the present value of annuity ordinary
The formula is
Pv=pmt [(1-(1+r/k)^(-kn))÷(r/k)]
Pv present value 84700
Pmt payment per quarter ?
R interest rate 0.10
K compounded quarterly 4
N time 9 years
We need to solve for pmt
Pmt=pv÷ [(1-(1+r/k)^(-kn))÷(r/k)]
Pmt=84,700÷((1−(1+0.10÷4)^(−4
×9))÷(0.10÷4))=3,595.65

Hope it helps
You might be interested in
What is the quotient of 62 divided by 5? (im in a math quiz ;-;)
Ipatiy [6.2K]

Answer:

the anser is b

12 x 5 = 60

leaves the 2

12.2

B

8 0
2 years ago
Read 2 more answers
I am stuck. Please help.
natulia [17]

Answer:

the first one: 24.8

the second one: 2012

5 0
2 years ago
Read 2 more answers
Can anyone solve this question please
levacccp [35]

Answer:

Step-by-step explanation:

by definition : The inverse of a relation consisting of points of the form (x,y) is the set of points (y,x)

if (1,7) is a point belong to f(x), then the inverse has to be (7,1) not (8,1)

3 0
2 years ago
5x-11=3x+5 solve for ”x”
I am Lyosha [343]

Answer:

x = 8

Step-by-step explanation:

Step 1: Write equation

5x - 11 = 3x + 5

Step 2: Solve for <em>x</em>

<u>Subtract 3x on both sides:</u> 2x - 11 = 5

<u>Add 11 to both sides:</u> 2x = 16

<u>Divide both sides by 2:</u> x = 8

Step 3: Check

<em>Plug in x to verify it is a solution.</em>

5(8) - 11 = 3(8) + 5

40 - 11 = 24 + 5

29 = 29

4 0
2 years ago
Someone Please Help Me With This<br><br> n <br> _ = 1 6<br> 3
Ivahew [28]

Answer:

n=48

Step-by-step explanation:

n  

_ = 1 6

3

Multiply each side by 3

n/3 * 3 = 16*3

n = 48

3 0
3 years ago
Other questions:
  • If vertex T' is at (2,-2) what are the coordinates of vertex s
    7·1 answer
  • 1. Which is the equation of the line?
    7·1 answer
  • Find the following quantity.
    11·2 answers
  • EXERCISE - 2.1
    13·1 answer
  • Is my answer correct or no
    5·1 answer
  • What is the first step in evaluating this expression?
    11·2 answers
  • 4. A six-meter-long ladder leans against a building. If the ladder makes an angle of 60° with the
    7·2 answers
  • Which unit rate is the lowest price per ounce? (5 points)
    13·1 answer
  • tell man's Pizzeria is having a sale a medium and large pizzas medium pizzas or 12 inch in diameter and cost $9.99 large pizzas
    5·1 answer
  • Carrie borrowed money from her sister Melissa. She has been paying her back $80 a month for the past 5 months. If this is 32% of
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!