Use the future value formulato find the indicated value. FV=$5420; n=20; i=0.09; PMT=?

allbleachix 2022-09-11 Answered
Use the future value formula to find the indicated value.
F V = $ 5420 ;   n = 20 ;   i = 0.09 ;   PMT = ?
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Answers (1)

Karla Bautista
Answered 2022-09-12 Author has 16 answers
Given:
P V = $ 5420 ;   n = 20 ; i = 0.09 ;   P M T = ? P M T = i ( F V ) ( 1 + i ) n 1 P M T = ( 0.09 ) ( 5420 ) ( 1 + 0.09 ) 20 1 P M T = $ 105.94
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