n || monthly payments → NI/Y P/Y C/Y PV PMT FV ? 0 80,000 PMT= Round your final answer to two decimal places. She must settle the car loan in 5 years with payments being made at the end of every month. The interest rate is 6% compounded annually. Present Value

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 8EA: You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how...
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calculate n , PMT 

n=
monthly payments →
NI/Y P/Y C/Y PV PMT FV
80,000 ? 0
PMT= $
Round your final answer
to two decimal places.
She must settle the car loan in 5 years
with payments being made
at the end of every month.
The interest rate is 6% compounded annually.
Present Value
$80,000
Drag the values from the
question into the formula.
Transcribed Image Text:n= monthly payments → NI/Y P/Y C/Y PV PMT FV 80,000 ? 0 PMT= $ Round your final answer to two decimal places. She must settle the car loan in 5 years with payments being made at the end of every month. The interest rate is 6% compounded annually. Present Value $80,000 Drag the values from the question into the formula.
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