n || monthly payments → NI/Y P/Y C/Y PV PMT FV ? 0 80,000 PMT= Round your final answer to two decimal places. She must settle the car loan in 5 years with payments being made at the end of every month. The interest rate is 6% compounded annually. Present Value

n || monthly payments → NI/Y P/Y C/Y PV PMT FV ? 0 80,000 PMT= Round your final answer to two decimal places. She must settle the car loan in 5 years with payments being made at the end of every month. The interest rate is 6% compounded annually. Present Value

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 31P

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Question

calculate n , PMT

n=
monthly payments →
NI/Y P/Y C/Y PV PMT FV
80,000 ? 0
PMT= $
Round your final answer
to two decimal places.
She must settle the car loan in 5 years
with payments being made
at the end of every month.
The interest rate is 6% compounded annually.
Present Value
$80,000
Drag the values from the
question into the formula.

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