SOLUTION: This is Business Math. Please use the financial calculator BAII Plus for this: Mandy To signed an installment contract for the purchase of a car which required payments of $759.

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Question 1201625: This is Business Math. Please use the financial calculator BAII Plus for this:
Mandy To signed an installment contract for the purchase of a car which required payments of $759.82 at the beginning of every month for the next five years. Interest is 6.25% compounded monthly.
Present value=
Contribution=
Amount of interest=
Answer by ikleyn(52877) About Me  (Show Source):
You can put this solution on YOUR website!
.

Why don't YOU use the financial calculator BAII Plus for this ?


Hello, this assignment has a goal to teach you to perform this kind of calculations using that special calculator.

It assumes, that you do this job on your own, after reading the relevant instructions on how to use the calculator.

So, it is expected (obviously), that you do it on your own from the beginning to the end.

If I will do it for you and instead of you, it will be ANTI-pedagogic from my side.


Hope, as a reasonable student, you are totally agree with me.
Glad to have so consistent vision with you.