Calculate the Result to the Nearest Cent Given N = $\frac{R}{i}\left\lfloor 1-\frac{1}{(1+i)^{n}}\right\rfloor$

question 389

Multiple Choice

Calculate the result to the nearest cent given n = 3; i = .087 and R = $925 $\frac{R}{i}\left\lfloor 1-\frac{1}{(1+i) ^{n}}\right\rfloor$

• A) $18,716.57
• B) $22,512.13
• C) $5,341.55
• D) $2,354.02
• E) $2,158.21

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