Question 9 Use your calculator to find pmt: $$ 800,000=\frac{p m t\left(\left(1+\frac{.035}{4}\right)^{120}-1\right)}{\left(\frac{.035}{4}\right)} $$ wers have been rounded to the nearest cent. $$ 6,071.68 $$ $$ 3,794.80 $$ 2,108.15 435.87

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Calculate or simplify the expression $$ 800000=\frac{pmt((1+0.035/4)^{120}-1)}{0.035/4} $$.
Solve the equation $$ 800000=\frac{pmt((1+0.035/4)^{120}-1)}{0.035/4} $$.
Solve the equation by following steps:
- step0: Solve for $$pmt$$:
  $$800000=\frac{pmt \left(\left(1+\frac{0.035}{4}ight)^{120}-1ight)}{\frac{0.035}{4}}$$
- step1: Simplify:
  $$800000=\frac{\left(807^{120}-800^{120}ight)pmt }{7	imes 800^{119}}$$
- step2: Swap the sides:
  $$\frac{\left(807^{120}-800^{120}ight)pmt }{7	imes 800^{119}}=800000$$
- step3: Cross multiply:
  $$\left(807^{120}-800^{120}ight)pmt =7	imes 800^{119}	imes 800000$$
- step4: Simplify the equation:
  $$\left(807^{120}-800^{120}ight)pmt =5600000	imes 800^{119}$$
- step5: Divide both sides:
  $$\frac{\left(807^{120}-800^{120}ight)pmt }{807^{120}-800^{120}}=\frac{5600000	imes 800^{119}}{807^{120}-800^{120}}$$
- step6: Divide the numbers:
  $$pmt =\frac{5600000	imes 800^{119}}{807^{120}-800^{120}}$$
The value of $$ pmt $$ is approximately 3794.80.
$$ pmt = 3,794.80 $$

Question 9 Use your calculator to find pmt: \[ 800,000=\frac{p m t\left(\left(1+\frac{.035}{4}\right)^{120}-1\right)}{\left(\frac{.035}{4}\right)} \] wers have been rounded to the nearest cent. \( 6,071.68 \) \( 3,794.80 \) 2,108.15 435.87

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