SOLUTION: Substitute A = 225,000, r/n= 0.0829/12, and nt = 120 into the equation and evaluate. Round your answer to the nearest cent.
PMT = A((r/n)/1-(1+(r/n)^-nt
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Question 1134283: Substitute A = 225,000, r/n= 0.0829/12, and nt = 120 into the equation and evaluate. Round your answer to the nearest cent.
PMT = A((r/n)/1-(1+(r/n)^-nt
Answer by MathLover1(20850) (Show Source): You can put this solution on YOUR website!
Substitute
,
, and
into the equation and evaluate
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