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Calculate the present value of the annuity. (round your answer to the nearest cent.) $1800 monthly at...

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Advance Math

Calculate the present value of the annuity. (round your answer tothe nearest cent.)

$1800 monthly at 6.1% for 30 years.

Determine the payment to amortize the debt. (round your answerto the nearest cent.)

Monthly payments on $170,000 at 3% for 25 years.

Answer & Explanation Solved by verified expert
4.2 Ratings (516 Votes)
Pmt Periodic payment 1800 i interest rate per period 61 61100 0061 and compounded monthly so I 00612 00050833 n Number of payments 30 years    See Answer
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