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Identify the cash value of the following ordinary annuities Use the formula P=R [1-(1+j)-n]/j 1. The buyer of a lot pays 50,000 and 10,000 every month for 10 years and is worth 8% compounded monthly. 2. Brian paid 135,000 as a down payment for a car and will pay 18,000 every month that is worth 9% compounded monthly for 4 years.

Identify the cash value of the following ordinary annuities Use the formula P=R [1-(1+j)-n]/j 1. The buyer of a lot pays 50,000 and 10,000 every month for 10 years and is worth 8% compounded monthly. 2. Brian paid 135,000 as a down payment for a car and will pay 18,000 every month that is worth 9% compounded monthly for 4 years.

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Identify the cash value of the following ordinary annuities

Use the formula P=R [1-(1+j)-n]/j

1. The buyer of a lot pays 50,000 and 10,000 every month for 10 years and is worth 8% compounded monthly.

2. Brian paid 135,000 as a down payment for a car and will pay 18,000 every month that is worth 9% compounded monthly for 4 years. 

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