yasminecruz779
yasminecruz779
19-11-2021
Mathematics
contestada
Please help due today!!!!
Respuesta :
mhanifa
mhanifa
19-11-2021
Answer:
$516
Step-by-step explanation:
Given:
A = $36000
i = 6% or 0.06
n = 5*12 = 60 (5 years with 12 periods each)
d = ?
Use the given formula and find d:
[tex]A=d(\frac{(1+0.06/12)^{60}-1}{0.06/12})[/tex]
[tex]36000=d*69.77[/tex]
[tex]d=36000/69.77[/tex]
[tex]d =516[/tex]
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