Question

Please help!!! Due today!! Will mark brainliest!!!!

Answer 1

Answer:

• $231

Step-by-step explanation:

Given:

• A = 44000
• i = 0.375% or 0.00375
• n = 12*12 = 144 (12 years and 12 periods per year)
• d = ?

Use the given formula and find d:

• $44000 = d(\frac{(1+0.00375)^{144}-1}{0.00375})$
• $44000 = d*190.47$
• $d = 44000/190.47$
• $d = 231$