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for compound interest * in + mumber ef compounding periods per year - fw Number of years - N+ Total humber of compoundme periods n

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for compound interest * in + mumber ef compounding periods per year - fw Number of years - N+ Total humber of compoundme periods n in - 1+ Annal interest Rabe an a percent not as a decimal number 4 PUT + Payment made at the end of each compounding period This wa be negative it you are makng PMTS - N Finure Value fis dellaris - PYre = r. eumber of compounding periose per year Rementer FV and FV should alsays fove opposite signs. (a) find the down partient (b) Find the amount financed 1 (c) Find the menthly payment by first filing in the table below: (Round the decimal nunbere cerrect fo 2CD) Hence the insochly parment is: 1 (round uerect to 2op) (d) Find the tetal amount paid and the tetal hiferest pidid. -Total Amount pald: 1 (round correct to zdp) Toeal Interent paid is (nopend terrect to 2dp)

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