Question 1134283
Substitute 
{{{A = 225000}}}, 
{{{r/n= 0.0829/12}}}, and
{{{ nt = 120}}} into the equation and evaluate


{{{PMT= A((r/n)/(1-(1+(r/n))^(-nt )))}}}


{{{PMT= 225000((0.0829/12)/(1-(1+0.0829/12)^-120))}}}


{{{PMT= 225000(0.00690833/(1-(1+0.00690833)^(-120 )))}}}


{{{PMT= 225000(0.00690833/(1-(1.00690833)^(-120 )))}}}

{{{PMT= 225000(0.00690833/(1-0.43773165391))}}}

{{{PMT= 225000(0.00690833/0.56226834609)}}}

{{{PMT= 225000(0.0122865355093)}}}

{{{PMT= 2764.4704895925}}}

{{{PMT= 2764.47}}}