Mathematics, 20.09.2019 16:30, love12236
Determine the payment to amortized the debt quarterly payments on $16,500 at 3.6% for 6 years
Answers: 3
![A = P[\frac{r(1+r)^n}{(1+r)^n -1}]](/tpl/images/0246/7194/3f184.png)
![A = 16500[\frac{0.009(1+0.009)^{24}}{(1+0.009)^{24} -1}]](/tpl/images/0246/7194/c14f1.png)
![A =16500[\frac{0.01159134}{0.239903796}]](/tpl/images/0246/7194/069a6.png)
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Determine the payment to amortized the debt quarterly payments on $16,500 at 3.6% for 6 years...
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