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July 26, 2014

July 26, 2014

Posted by **mangtonio** on Monday, July 26, 2010 at 5:44pm.

- math -
**Henry**, Tuesday, July 27, 2010 at 10:41pm230/mo * 48mo = 11040 = amt. to be

saved inc. interest.

n = 48 = the number of compounding

periods.

r = (8.25/12) /100 = 0.006875 = MPR =

Monthly percentage rate.

Po = 10^X.

X = log(Pt)-n*log(r+1)

X = log(11040) - 48*log(1.006875) =

X = 4.043 - 0.1428 = 3.900.

Po = 10^X = 10^3.90 = 7945.89 =

Initial investment.

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