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 = $10,000; i = 6%; t = 7 yr, compounded annually

A. $1610.36
B. $2033.64
C. $1808.84
D. $1791.34


Answer: D

Mathematics

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A. 0.0023 B. 0.0228 C. 0.2280 D. 19.7982

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Determine whether the given geometric series is convergent or divergent, and find the sum if it is convergent.5 + 20 + 80 + 320 + ...

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slope: 1
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Mathematics