Asked by Zach

Use a calculator to evaluate an ordinary annuity formula
A = m[(1+r/n)^nt -1 / (r/n)]
1 +
r
n
nt

− 1
r
n

for m, r, and t (respectively). Assume monthly payments. (Round your answer to the nearest cent.)
$100; 6%; 11 yr
side note it is not not minus one it is (1+r/n)^nt minus 1

Answers

Answered by oobleck
you don't learn too well, do you?
Just type it in, so it makes sense, and is syntactically correct.
use google or wolframalpha.com and just enter
100[(1+.06/12)^(12*11) -1] / (.06/12)
Answered by Pro
Rude. But you're right. Just type it in.
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