Activity 4: Give Me the Cash Value of the following ordinary annuities. Use the formula: P = R E); Cash value = Down payment + present value 1. The buyer of a lot pays P 50,000 andP 10,000 every month for 10 years and is worth 8% compounded monthly. 2. Brian paid P 135,000 as down payment for a car and will pay P 18,000 every month that is worth 9% compounded monthly for 4 years.
Activity 4: Give Me the Cash Value of the following ordinary annuities. Use the formula: P = R E); Cash value = Down payment + present value 1. The buyer of a lot pays P 50,000 andP 10,000 every month for 10 years and is worth 8% compounded monthly. 2. Brian paid P 135,000 as down payment for a car and will pay P 18,000 every month that is worth 9% compounded monthly for 4 years.
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
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