Sunday

March 1, 2015

March 1, 2015

Posted by **jen** on Sunday, February 13, 2011 at 8:23pm.

- math -
**tchrwill**, Monday, February 14, 2011 at 10:10amI assume you really mean 12.5% per annum.

R = Pi/[1 - (1+i)^(-n)]

where R = the periodic payment, n = the number of interest bearing periods and the number of periodic payments and i = the periodic interest in decimal form.

Thus, R = 50,000(.125)/[(1 - (1.125)^(-25)] = $5,921.10 per year.

**Answer this Question**

**Related Questions**

algebra - How would you solve this math equation? this is really confusing to me...

math - Belle had the choice of taking out a four year car loan at 8.5% simple ...

Business Math - If Wilma borrows $5,000 from her brother (at 5% interest per ...

math - Sonja needs to borrow $2,251 to pay for her college classes. Sallie Mae ...

math - A man agrees to pay $450 per month for 48 months to pay off a car loan. ...

Business Math - Terry has an 18-month installment loan for $1,700 at 12% annual ...

math - The Sandersons are planning to refinance their home. The outstanding ...

math - The Sandersons are planning to refinance their home. The outstanding ...

Finite Math - The Sandersons are planning to refinance their home. The ...

borrowing money - sherman jones borrows $675 from the REGAL LOAN COMPANY.he ...