Evaluate the following accurate to the nearest cent:
$$3500.097512[1−1(1+0.097512)5]\frac{\$ 350}{\frac{0.0975}{12}}\left[1-\frac{1}{\left(1+\frac{0.0975}{12}\right)^{5}}\right]$

Question

Evaluate the following accurate to the nearest cent:

$3500.097512[1−1(1+0.097512)5]\frac{\$ 350}{\frac{0.0975}{12}}\left[1-\frac{1}{\left(1+\frac{0.0975}{12}\right)^{5}}\right]

Vivian Horta · Accepted Answer

Final Answer :  $1,708.14

Learning Objectives