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2 years ago, you owed the CRA (Canada Revenue Agency) $5,000 in income taxes. You were a full-time student then so CRA agreedt payments until
2 years ago, you owed the CRA (Canada Revenue Agency) $5,000 in income taxes. You were a full-time student then so CRA agreedt payments until today (you have just started working). You pay them $2,000 today and starting in 1 month you will make your first of 6 m payments to pay off the remaining balance plus interest. CRA charges 6%, compounded monthly, starting from when the tax was due 2% Calculate your monthly payment. ANSWER: (in 2 decimal places), To solve this problem, you will be creating a table with the following format BIE P/Y C/Y N I/Y PV PMT F A B=2 Type the value of A below. 2 years ago, you owed the CRA (Canada Revenue Agency) $5,000 in income taxes. You were a full-time student then so CRA agreedt payments until today (you have just started working). You pay them $2,000 today and starting in 1 month you will make your first of 6 m payments to pay off the remaining balance plus interest. CRA charges 6%, compounded monthly, starting from when the tax was due 2% Calculate your monthly payment. ANSWER: (in 2 decimal places), To solve this problem, you will be creating a table with the following format BIE P/Y C/Y N I/Y PV PMT F A B=2 Type the value of A below
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