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n || monthly payments → NI/Y P/Y C/Y PV PMT FV ? 0 80,000 PMT= Round your final answer to two decimal places. She must settle the car loan in 5 years with payments being made at the end of every month. The interest rate is 6% compounded annually. Present Value

n || monthly payments → NI/Y P/Y C/Y PV PMT FV ? 0 80,000 PMT= Round your final answer to two decimal places. She must settle the car loan in 5 years with payments being made at the end of every month. The interest rate is 6% compounded annually. Present Value

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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calculate n , PMT 

n= monthly payments → NI/Y P/Y C/Y PV PMT FV 80,000 ? 0 PMT= $ Round your final answer to two decimal places. She must settle the car loan in 5 years with payments being made at the end of every month. The interest rate is 6% compounded annually. Present Value $80,000 Drag the values from the question into the formula.
Transcribed Image Text:n= monthly payments → NI/Y P/Y C/Y PV PMT FV 80,000 ? 0 PMT= $ Round your final answer to two decimal places. She must settle the car loan in 5 years with payments being made at the end of every month. The interest rate is 6% compounded annually. Present Value $80,000 Drag the values from the question into the formula.
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