+0  
 
0
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avatar+3636 

Help 10

 

NotSoSmart  Nov 1, 2018
 #1
avatar+90968 
+1

P  =  10000  ( .05/12) ( 1 + .05/12)^(36)  / [ ( 1 + .05/12) - 1 ] =

 

10000 (1/240)  ( 1 + 1/240)^36 / [ ( 1 + 1/240)^36 - 1]  =

 

(10000 /240) ( 1 + 1/240)^36 / [  ( 1 + 1/240)^36 - 1  ]  ≈

 

$299.71

 

 

cool cool cool

CPhill  Nov 1, 2018

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