Question

Help!! Will give brainliest!

Answer 1

Answer:

• $1000

Step-by-step explanation:

Given:

• A = 275000
• i = 8.1% or 0.081 (per year)
• n = 13*12 = 156 (13 years per 12 periods)
• d = ?

Use the given formula and find d:

• $275000 = d(\frac{(1+0.081/12)^{13}-1}{0.081/12})$
• $275000 = d*275$
• $d = 275000/275$
• $d = 1000$