1.

) P= 30,000

t= 6 years

r= 0.05

m= 12

Find: R

Solution:

i= 0.005/12= 0.00416

n= 12(6)= 72

R= P (i)/ 1-(1+i)-n

= (30,000)(0.00416)/ 1-(1+0.00416)-72

= 125.1/ 1-(1.00416)-72

R= 483

2.) R= 500

t= 15 years

r= 0.055

m= 12

Find: P and F

Solution:

i= 0.004583

n= 180

P= R[ 1-(1+i)-n/ i]

= 500[1-(1+0.004583)-180/ 0.004583]

P= 61,194.85
F= R[(1+i)n-1/ i]

= 500[(1+0.004583)180-1/ 0.004583]

F= 139,368.072