Section 1 - UW-Madison Department of Mathematics
Draw a timeline to represent the annuity. Determine the value of the annuity using the financial calculator. Determine the value of the annuity using the formula. (12 600.40) 2. Carley has seven years to pay off a $23000 student loan at 6% per year, compounded monthly. a) Determine the amount of Carley’s monthly payment. (336) ................
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