Details of this Paper

Quarterly payment = $100

Description

solution


Question

Quarterly payment = $100;Number of years = 5;Monthly APR;= 6%;In this case equation is;(1+X) 4 = (1+0.06);X = (1+0.06)(1/4) -1;X= 0.014674;In this case we can use the PVIFA formula for...

 

Paper#28733 | Written in 18-Jul-2015

Price : $17
SiteLock