Find the payment made by the ordinary annuity with the given present value. $81,552; monthly...
50.1K
Verified Solution
Link Copied!
Question
Finance
Find the payment made by the ordinary annuity with the given present value. $81,552; monthly payments for 20 years; interest rate is 4.7%, compounded monthly The payment is $ (Simplify your answer. Round to the nearest cent as needed.)
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
