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majarm majarm
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Posts: 406
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6 years ago
What monthly lease payment due in advance should be charged for a tract of land valued at $135 000 if the agreed interest is 8.15% compounded semi-annually?
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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wrote...
6 years ago
p =  - 1 = 0.006679141
135000 = PMT + 
135000 = PMT + 149.7198483 PMT
135000 = (150.7198483)PMT
 $895.70 = PMT
wrote...
4 years ago
thank you
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