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August 22, 2014

August 22, 2014

Posted by **worried** on Saturday, April 30, 2011 at 7:34pm.

- math -
**Mgraph**, Saturday, April 30, 2011 at 9:51pmAccumulated value after 7*12=84th payment

400((1+0.006)^84-1)/0.006=43522.55653

This amount after 25 years-->158445

Let P new payments then

400000-158445=P*((1+0.006)^216-1)/0.006

241555=P*440.087

P=$549

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