2. The present value of 24 monthly insurance payments of $265 at 6% is nearest to = 265 (P/A, 0.5, 24)= a) $3325 b) $3525 M $5980 $6010 ΤΙ 205(22.563)=
2. The present value of 24 monthly insurance payments of $265 at 6% is nearest to = 265 (P/A, 0.5, 24)= a) $3325 b) $3525 M $5980 $6010 ΤΙ 205(22.563)=
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter1: Functions
Section1.1: Functions Given By Formulas
Problem 2TU: What is your monthly payment if you borrow 5000 at a monthly rate of 0.61 and pay it off in 5 years?
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Transcribed Image Text:2. The present value of 24 monthly insurance payments of $265 at 6% is nearest to
= 265 (P/A, 0.5, 24)=
a)
$3325
b) $3525
M
$5980
$6010
ΤΙ
205(22.563)=
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