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,...
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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
Transcribed Image Text: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
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