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37000 = pmt * [ 1- (1+0.068)^(-8) ] / 0.068
so , we get pmt = 6148.367816
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answer = option f) = $ 6148.367816
Your brother plans to borrow $37,000 at a 6.8% interest rate compounded annually. The contract terms...
Your brother plans to borrow $37,000 at a 6.8% interest rate compounded annually. The contract terms require your brother to amortize the loan with 8 equal payments each made at the end of each year. He asks for your help to construct an amortization schedule showing details of the payments. Answer the following question: For the first payment, how much of it is interest? Do not enter text or characters such as dollar sign and comma. Answer:
Your brother plans to borrow $37,000 at a 6.8% interest rate compounded annually. The contract terms require your brother to amortize the loan with 8 equal payments each made at the end of each year. He asks for your help to construct an amortization schedule showing details of the payments. Answer the following question: Before an amortization schedule is constructed, which TVM variable should be set equal to zero in the financial calculator 1/Y PV N PMT FV
Your brother plans to borrow $37,000 at a 6.8% interest rate compounded annually. The contract terms require your brother to amortize the loan with 8 equal payments each made at the end of each year. He asks for your help to construct an amortization schedule showing details of the payments. Answer the following question: Before an amortization schedule is constructed, you need to solve for a variable first by pressing CP in the financial calculator. FV PV N 1/Y PMT
Your brother plans to borrow $37,000 at a 6.8% interest rate compounded annually. The contract terms require your brother to amortize the loan with 8 equal payments each made at the end of each year. He asks for your help to construct an amortization schedule showing details of the payments. Answer the following question: This question is an example < Choose... Simple Annuities Due Ordinary Simple Annuities Ordinary General Annuities General Annuities Due
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