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August 28, 2014

August 28, 2014

Posted by **Jamal** on Wednesday, December 12, 2012 at 12:00am.

- Math -
**Jennifer**, Thursday, December 13, 2012 at 12:05pmA = P *r*((1+r)^n)/((1+r)^n-1)

where

A = payment Amount per period

P = initial Principal (loan amount)

r = interest rate per period

n = total number of payments or periods

n = 30*12 = 360

P = 250000

4 = 0.045

A = 250000*0.045 * (1.045^360)/(1.045^360 - 1)

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