Could you help me solve a problem. Its an explicit formula pertaining to 'Pn=P0(1+r)'n . My equation with the numbers ia 2060=31(1+r)'92
What is the actual problem? Is it a loan of 2060 to be paid back in monthly payments of $31 per month over a period of 92 months? Just state your question in plain English and we will give you the formula and show you how to solve it.
