Question
Find the periodic withdrawals PMT for the annuity given. HINT [See Example 4.] (Assume end-of-period withdrawals and compounding at the same intervals as withdrawals. Round
Find the periodic withdrawals PMT for the annuity given. HINT [See Example 4.] (Assume end-of-period withdrawals and compounding at the same intervals as withdrawals. Round your answer to the nearest cent.)
$300,000 at 8%, paid out monthly for 19 years
PMT = $
Determine the periodic payments PMT on the loan given. HINT [See Example 6.] (Round your answer to the nearest cent.)
$30,000 borrowed at 8% for 9 years, with monthly payments
PMT = $
Determine the periodic payments PMT on the loan given. HINT [See Example 6.] (Round your answer to the nearest cent.)
$500,000 borrowed at 7% for 7 years, with quarterly payments
PMT = $
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