Abhinav P. answered • 10/21/21

Patient, Knowledgable, and Experienced Math and Science Tutor

I = (P)(R)(T)

(1200)(1.03)(12) = $14,832

ANna G.

asked • 10/16/21You’ve just signed a twelve-year lease on a property. At the beginning of each year, starting immediately, you pay $1200. If interest rates are at 3%, how much in today’s dollars will you have paid out by the time you make your final payment

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Abhinav P. answered • 10/21/21

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New to Wyzant
Patient, Knowledgable, and Experienced Math and Science Tutor

I = (P)(R)(T)

(1200)(1.03)(12) = $14,832

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