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

2 answers

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)
Rude. But you're right. Just type it in.
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