Respuesta :

mhanifa

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:

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