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August 30, 2014

August 30, 2014

Posted by **Anonymous** on Friday, November 11, 2011 at 4:43pm.

- Math -
**Reiny**, Friday, November 11, 2011 at 5:03pmlet P be the payment

30000 = P(1.06^16 - 1)/.06

solve for P

- OOPS, (sorry Rick Perry) Math -
**Reiny**, Friday, November 11, 2011 at 5:04pmthat should have been

30000 = P(1 - 1.06^-16)/.06

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