We must find fixed payment amount, every period in case we know FV ( future value ) = 12000 and Interest = 10%
We use formula :
FV= A × [tex] \frac{(1+i)^{n} -1 }{i} [/tex]
A = fixed payment amount, every period -----> finding
FV = 12000
i = 0.12
n = tenure years = 18-12 = 6
and we found A = 1478.7
