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2. (-/2 Points) DETAILS SMITHNM13 11.6.013.0/2 Submissions Used Use a calculator to evaluate the amortization formula m 1 - for the values of the variables

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2. (-/2 Points) DETAILS SMITHNM13 11.6.013.0/2 Submissions Used Use a calculator to evaluate the amortization formula m 1 - for the values of the variables P.r, and t (respectively). Assume n = 12. (Round your answer to the nearest cent.) $14,000; 4%; 8 yr

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