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Suppose that the following group of values was entered into the TVM Solver
of a graphing calculator: N=240; 1%=13.2; PV=95000; PMT=-1126.5599;
FV=0; P/Y=12; C/Y=12; PMT:END. Also suppose that the "bal(" function was
used as follows: bal(36). Which of these expressions is equivalent to the
value returned by the "balſ" function?

Respuesta :

Answer: $95,000(1 + 0.011)36 + $1126.5599[1-(1 + 0.011)36/ 0.011]

Step-by-step explanation:

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