Find the Periodic Payment R Required to Accumulate a Sum

question 197

Multiple Choice

Find the periodic payment R required to accumulate a sum of S dollars over t years with interest earned at the rate of r%/year compounded m times a year. Round your answer to the nearest cent. ​
S = 280,000, r = 11, t = 26, m = 13
​

• A) R = $183.25
• B) R = $138.42
• C) R = $122.24
• D) R = $145.77

Understand the variability and flexibility in health and safety laws across different jurisdictions within Canada.

Acknowledge workers' compensation as a support system for individuals affected by workplace accidents, including mental health considerations.

Comprehend the role and responsibilities of crisis management teams within an organization.

Recognize the prevalence and significance of formal safety programs in Canadian workplaces.

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