November 27, 2015

Homework Help: Per Calculus

Posted by Terror on Friday, May 24, 2013 at 12:03pm.

The Washington family can purchase a new home with an 80,000 loan at 6% interest. If the term of the loan is set up to be 20yrs (240 months), what will be there monthly payment toward this loan. Use formula n=-In(1-A(r/12)I P)
In(1 + r/12)

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