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6, Denise wants to buy a scooter that costs $4,500. Her mom will loan her the money at 6% annual interest as long as she makes monthly payments over the next 5 years. How much will Denises month payment be? I/Y PV PMT FV
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Answer #1

5 (given) 12PMTB2,B1E3, В5,0) 0.06 4500(given) 4PMT $-1,068.28 (calculated) 3 PV 5 FV 0(eiven)

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> You need to multiply 5 x 12 to get 60 = N and then divide 6/12 to get .5 for I/Y. PMT is -87.00

Josué Bonilla Wed, Jan 19, 2022 2:12 PM

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