Find the amount of each regular payment to provide $15,500 in 8 years, at an annual rate r = 6%, compounded monthly.
A)$139.74
B)$126.19
C)$131.69
D)$193.86
E)$132.29

Question

Quizplus · Accepted Answer

The Answer of Find the amount of each regular payment to provide $15,500 in 8 years, at an annual rate r = 6%, compounded monthly.
A)$139.74
B)$126.19
C)$131.69
D)$193.86
E)$132.29

Find the Amount of Each Regular Payment to Provide $15,500