Question 1074798
PV=MP(1-(1+(r/n))^(-nt)/(r/n)
160000*(.0375/12)=MP(1-(0.0375/12))^(-360)
500=MP(1-(1+003125)^-360)
500=MP(1-.3252), and without rounding
MP=500/(1-.3252)
=$740.98