Wednesday

April 16, 2014

April 16, 2014

Posted by **Linda** on Sunday, December 30, 2012 at 4:15pm.

- math -
**Reiny**, Sunday, December 30, 2012 at 4:58pmpresent value of debt = payment(1 - (1+i)^-n)/i

where i = monthly rate

n = number of months

i = .11/12 = .00916666..

n = 36

21000 = paym (1 - 1.00916666..^-36 )/.0091666..

paym = $ 687.51

**Related Questions**

math - calculate the monthly payment by loan amortization table: loan $26000, ...

Math - Calculate the monthly payment by loan amortization table Loan $26,000 ...

Math - Calculate the monthly payment loan amortization table. Loan $26,000 Down ...

math - calculate the monthly payment by loan amotization table: loan 26,000, ...

Math - 4. Vanna has just financed the purchase of a home for $200 000. She ...

math - Andy needs to pay off a loan of $18,000 in 5 years. Find the amortization...

help please math - Andy needs to pay off a loan of $18,000 in 5 years. Find the ...

math - what formula would i use to solve for this: Loan Interest A developer ...

Finance - you have contacted a number of dearlerships to determine the best ...

Finance - you have contacted a number of dearlerships to determine the best ...