\( \definecolor{colordef}{RGB}{249,49,84} \definecolor{colorprop}{RGB}{18,102,241} \)
Courses
About
Login
Register
TVM
Present Value (PV):
Future Value (FV):
Interest Rate (I%, annual):
Number of Periods (n):
Compounding per Year (C/Y):
Payment (PMT):
Calculate
Suppose Su takes out a loan of \(\dollar 18\,000\) to buy a car. The loan has an interest rate of \(5.2\pourcent\) per annum, compounded monthly, and she agrees to repay the loan over 4 years.
Calculate the periodic (monthly) payment Su needs to make.
7
8
9
4
5
6
1
2
3
C
0
.
dollars (round to the nearest integer)
Exit