
Yefim S. answered 12/14/20
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PMT = FV·i/((1 + i)n - 1) = 5774·0.06/((1 + 0.06)9 - 1) = $502.47
Jerry N.
asked 12/14/20Use the future value formula to find the indicated value.
FV=$5774; n=9; i=0.06; PMT=?
PMT=$_______
(Round to the nearest cent.)
Yefim S. answered 12/14/20
Math Tutor with Experience
PMT = FV·i/((1 + i)n - 1) = 5774·0.06/((1 + 0.06)9 - 1) = $502.47
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