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  3. 28. calculate  the present value of the annuity.

28. calculate  the present value of the annuity. (Round your answer to the nearest cent.) $1300 monthly at...

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Advance Math

28. calculate  the present value of the annuity.(Round your answer to the nearest cent.)

$1300 monthly at 6.3% for 30 years.

29. determine the payment to amortize the debt. (Round youranswer to the nearest cent.)

Monthly payments on $130,000 at 4% for 25 years.

Answer & Explanation Solved by verified expert
4.3 Ratings (642 Votes)
Pmt Periodic monthly payment 1300 i Mortgage interest rate per period 63 63100 0063 and compounded monthly so I 006312 000525 n Number of    See Answer
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