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aspx? homeworkld =659208074&questionld =6&flushed =false &cld =7579296¢erwin =yes (Lee College ) Use the formula for the present value of an ordinary annuity or the amortization

aspx? homeworkld =659208074&questionld =6&flushed =false &cld =7579296¢erwin =yes (Lee College ) Use the formula for the present value of an ordinary annuity or the amortization formula to solve the following problem. PV=$12,000;PMT =$500;n=60;i=

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