GP-133 Clme N You are given the future value of an annuity, A, the monthly payment, R, and the annual interest rate, r. Find the number of monthly payments, n. Round your answer to the nearest whole number if necessary. A- $4000; R = $70; r = 7% 49 months 54 months 52 months 53 months

GP-133 Clme N You are given the future value of an annuity, A, the monthly payment, R, and the annual interest rate, r. Find the number of monthly payments, n. Round your answer to the nearest whole number if necessary. A- $4000; R = $70; r = 7% 49 months 54 months 52 months 53 months

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

See similar textbooks

Related questions

Q: Eric invest $1050 every year in an annuity that pays six. Six interest compounded annually. Payments…

Q: Find the monthly payment (in $) and the total interest (in $) for a mortgage of $42,000 at 5 1/4…

A: To find the total interest

Q: Find the amount (in $) of interest on the loan. Principal $70,000 Rate (%) Need Help? 83 Read It…

A: The amount of the simple interest is calculated by adding the simple interest and principal amount.…

Q: Find the simple interest. Principal Rate Time in Months $10000 4%…

A: Given, Principal Rate Time in Months $10000…

Q: Find the future value of this loan. $21,415 at 4.9% for 7 months The future value of the loan is $

Q: Tony borrowed a personal loan of $15 000 from the bank. The first three months of loan payments are…

Q: Find the payment made by the ordinary annuity with the given present value. $82,913; monthly…

A: The given present value is , monthly payment for years, and the interest is .To find the payment…

Q: Taneen has a savings account with a balance of $50,000. Find the balance after 10 years with a…

Q: Find the future value of the loan. Round your answer to the nearest cent. P=$1000 ,r= 5% t=8 years…

Q: Use the Saving for Retirement information above to answer this question. If your monthly payments…

Q: Loan Amount = $175,591 Suppose you want a 20-year instead of 10-year fixed-rate mortgage loan, and…

A: As per our guidelines, we are supposed to solve only first three subparts. Kindly repost other…

Q: Find the amount (in $) of interest and the maturity value of the loans. Use the formula MV = P + I…

Q: Find the monthly interest payment in the situation described below. Assume that the monthly interest…

Q: Find the amount necessary to fund then given withdrawls. Semiannual withdrawls of $900 for 9…

Q: Find the amount (in $) of interest on the loan. Principal Rate (%) Time Interest $70,000 7 3 4 9…

Q: Find the future value of this loan. $16,634 at 5.3% for 15 months The future value of the loan is $|

Q: Fritz Benjamin buys a car costing $21500. He agrees to make payments at the end of each monthly…

Q: Question You want to take out a $140,000 mortgage (home loan). The yearly interest rate on the loan…

A: From the given information, The amount of loan P0=140,000The rate of interest r = 6%The length of…

Question

mount,
frequency of deposits, annual interest rate, and time period are given.
amount: $125; monthly; 10%; 7 years
$15,518.82
$15,718.93
$15,118.80
$15,818.92
Yang Vang
GP-133
L0.38mm A Or
MADE IN PRE
You are given the future value of an annuity, A, the monthly payment, R, and the
annual interest rate, r. Find the number of monthly payments, n. Round your answer
to the nearest whole number if necessary.
A - $4000; R = $70; r 7%
%3D
49 months
54 months
52 months
53 months

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

ck To save money for his daughter's college tuition, Scott invests $1158 every year in an annuity that pays 6.4% interest, compounded annually. Payments will be made at the end of each year. Find the total value of the annuity in 19 years. Do not round any intermediate computations, and round your final answer to the nearest cent. If necessary, refer to the list of financial formulas. $0 Check A 1 option Z W S command 3 E D C X R F S 5 V T G 6 B MacBook Air H N U Save For Later © 2023 McGrew HLLC A Rights Reserved Terms of Use 8 M 1 K (33 O O L command P Submit Assignment Privacy Center Accessibility option ? 1 4
Use PMT = . Round to the nearest dollar. Suppose that you borrow $10,000 for four years at 7% toward the purchase of a car. Find the monthly payments and the total interest for the loan. A.$281; $13,488 B.$239; $1472 C.$624; $19,952 D.$239; $11,472
Luca found an ordinary annuity that earns 3.9%. He will deposit $100.00 each month into his account for the next 27 years. How much interest, in total, will he earn? Interest $ How much will his account be worth at the end of the 27 years? Future Value How much of the ending account balance comes from deposits? Total Deposited
f6
f7
Jessica invests $250 each quarter in an ordinary annuity with a 5% interest rate compounded quarterly. Determine the accumulated amount in Jessica's annuity after 25 years. Question content area bottom Part 1 The accumulated amount is $enter your response here. (Round to the nearest cent as needed.
q 21 thanks!