rate positively ..
Ans 1 | We have to use financial calcuator to solve this | ||||
Put in calculator | |||||
FV | 25556 | ||||
PMT | 0 | ||||
I | 11% | ||||
N | 6 | ||||
compute PV | ($13,663.28) | ||||
therefore answer = | $13,663.28 | ||||
Ans 2 | We have to use financial calcuator to solve this | ||||
Put in calculator | |||||
FV | 25556 | ||||
PV | 0 | ||||
I | 11% | ||||
N | 6 | ||||
compute PMT | ($3,229.68) | ||||
therefore answer = | $3,229.68 |
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