This is a question on Present Value of Annuity and we seek the periodic withdrawal.
where:
FVA = Future value of annuity
PMT = Periodic Withdrawal
i = interest/discount rate
n = no of years
m = no of compundings per interest period
PMT = $22.01
Baldwin made a scale drawing of the town library. He used the scale 1 centimeter : 9 meters. The parking lot is 9 centimeters in
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