Melody that is why I am confused I am coming up with the same answer as you, Think i will question Prof on that on
FV=4148; n=16, i=0.07
can someone tell me how to solve for PMT? I get the first part correct but I keep getting the result wrong when I do the division so I cant make it to the second part
Thank you so much for your assistance, I was completely lost. I am actually beginning to understand what I am doing now as i see the steps broken down.
+24 