yasminecruz779
yasminecruz779
18-11-2021
Mathematics
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mhanifa
mhanifa
18-11-2021
Answer:
$1000
Step-by-step explanation:
Given:
A = 275000
i = 8.1% or 0.081 (per year)
n = 13*12 = 156 (13 years per 12 periods)
d = ?
Use the given formula and find d:
[tex]275000 = d(\frac{(1+0.081/12)^{13}-1}{0.081/12})[/tex]
[tex]275000 = d*275[/tex]
[tex]d = 275000/275[/tex]
[tex]d = 1000[/tex]
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