Answer:
13402
Step-by-step explanation:
PV= $299,132
I/YR= 4.48% or 0.0448
N= 216
PMT= $13402
(Excel works great with this and will solve it for you, use the PMT function and insert the numbers provided. It will show a (-) but that is because a positive PV is placed.)
1
more detail
<u>Given equation:</u>
<u>Divide both sides by 20:</u>
<u>Simplify:</u>
−475.2
hope this helps B) hope we can be friends UvU
-7/4
8x=-14
X=-14/8
X=-7/4