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March 2, 2015

March 2, 2015

Posted by **nikki** on Sunday, June 23, 2013 at 7:56pm.

- math -
**MathMate**, Sunday, June 23, 2013 at 8:30pmA=P[(1+i)^n -1]/i

=>

P=Ai/[(1+i)^n -1]

=1000000*(0.08/12)/((1+0.08/12)^480-1)

=286.45023 per month.

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