Find the periodic payment R of a loan with a present value PV of $18,000 and an annual interest rate r 5.4% for a term of t 6 years, with payments made and interest charged 12 times per year.

  $293.24

Step-by-step explanation:

The amortization formula is good for this. (So are any number of financial calculators or apps.)

  R = PV(r/n)/(1 -(1 +r/n)^(-nt))

for present value PV, annual interest rate r, term t in years, and n the number of compoundings per year.

  R = $18,000(0.054/12)/(1 -(1 +0.054/12)^(-12·6)) ≈ $293.24

The periodic payment is $293.24.

answer: answer is c!

ok i got to organize the

3/15 and 12/55

3*

aha

3*4 equals 12 but not

a: no

b:

8/24 12/35

no

gautie

it's c

5/18 = 25/90

5*5=25

18*5 = 90

hope that you!

one more happy customer!

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step-by-step explanation: