Question
Use a calculator to evaluate an ordinary annuity formula
A = m
1 +
r
n
nt
− 1
r
n
for m, r, and t (respectively). Assume monthly payments. (Round your answer to the nearest cent.)
$150; 5%; 40 yr
A = $
A = m
1 +
r
n
nt
− 1
r
n
for m, r, and t (respectively). Assume monthly payments. (Round your answer to the nearest cent.)
$150; 5%; 40 yr
A = $