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September 20, 2014

September 20, 2014

Posted by **Jamal** on Wednesday, December 12, 2012 at 11:55am.

- Math -
**Steve**, Wednesday, December 12, 2012 at 12:17pmM = P(r/n)/(1-(1+r/n)^-nt)

= 250000*0.045/12 / (1 - (1+.045/12)^(-12*360))

= 937.50

- Math -
**Steve**, Wednesday, December 12, 2012 at 12:21pmoops That's 12*30

M = 1266.71

- Math -
**Jamal**, Wednesday, December 12, 2012 at 12:39pmThank you so very much!

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