Question

17000(.051/12)/1-(1+(.51/12))^-12(3)

Answer 1

Answer:

=70.429425

Step-by-step explanation:

17000(

0.051

12

)

1

−(1+

0.51

12

)−12(3)

=

(17000)(0.00425)

1

−(1+

0.51

12

)−12(3)

=

289

4

1

−(1+

0.51

12

)−12(3)

=

289

4

−(1+

0.51

12

)−12(3)

=

289

4

−(1+0.0425)−12(3)

=

289

4

−(1.0425−12)(3)

=

289

4

−(0.606858)(3)

=

289

4

−1.820575

=70.429425