Question
pv=15,000 i=0.02 pmt= 550 I need some clarity as how to work through problem here. I have a sample question as provided here using the
pv=15,000 i=0.02 pmt= 550
I need some clarity as how to work through problem here. I have a sample question as provided here using the formula but i think i dont have the right calculator I keep getting stuck and i believe miscalculated.
1500=500 1-(1+0.02)-N/0.05
i got 479.6 but that doesn't seem right
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
11th edition
324422870, 324422873, 978-0324302691
