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August 20, 2014

August 20, 2014

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.

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