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30 years payment of $418.3 at 5.375?

Science & Mathematics by Anonymous 2018-05-11 11:08:52

Social Science

30 years payment of $418.3 at 5.375?

4 answers

  • Anonymous

    FV = P [ ((1+r)^n -1) /r ] P = 418.3 n=30 r=5.375% = 0.05375 FV = (418.3) ( (1.05375)^30 -1) /(0.05375) ) $29,649.16

  • Anonymous

    Sounds like a compound interest problem. Did you not go over all the steps in class?

  • Anonymous

    Please post a specific question. What exactly is it that you want??

  • Anonymous

    Crap

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