Find the payment amount p needed to amortize the given amount. Assume that a payment is made in each of the n compounding periods per year.P = $8000; i = 9%; t = 5 yr, compounded semiannually
A. $1100.59
B. $1009.88
C. $1246.55
D. $1011.03
Answer: D
Mathematics
You might also like to view...
Determine whether the variation between the indicated quantities is direct or inverse.The cost of buying rice and the weight of the rice purchased.
A. Inverse B. Direct
Mathematics
In the following question(s), FN represents the Nth Fibonacci number.F9 =
A. 21 B. 34 C. 55 D. 10 E. none of these
Mathematics
Provide an appropriate response.Explain in your own words the difference between comprehensive insurance and collision insurance.
What will be an ideal response?
Mathematics
Evaluate the expression using the given values.x + vt; x = 5
, v = 22, t = 
A. 18
B. 111
C. 18
D. 14
Mathematics