Answer:
833.25 or 877.59
Step-by-step explanation:
I solved this in two different ways because I wasn't sure on how the question was meant to be read.
Attempt 1:
(833.3/1)-(1+0.00833)^-360
(1+0.00833)^-360 = 0.0505
so:
833.3 - 0.0505 = 833.25
Attempt 2:
833.3/(1-(1+0.00833)^-360)
1- 0.0505 = 0.9495
833.3/0.9495 = 877.59
