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October 20, 2014

October 20, 2014

Posted by **John** on Sunday, May 27, 2012 at 9:46pm.

- Math -
**Reiny**, Sunday, May 27, 2012 at 10:38pmUsing the "something else" way, (the way it is actually done)

150000 = payment (1 - 1.00416666..^-360)/(.004166666...)

150000 = payment(186.281634

payment = 805.23

I will let you figure out the other two ways, since I have no clue anymore what they are. ( I think I knew about 55 years ago)

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