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P= 153000(0.045/12)/1-(1+0.045/12)^-12(30)

 

P= 6885/12/1-(?????)^-360 

P = ??? 

 Oct 31, 2018
edited by Guest  Oct 31, 2018
 #1
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+1

What are you trying to figure out? The monthly payment? If so, use this formula:

 

PMT=PV. R.{[1 + R]^N / [1 + R]^N - 1}

PMT=153,000 x 0.45/12 [[1 + 0.45/12]^(30*12) / [1 + 0.045/12]^(30*12) - 1

PMT=153,000 x 0.00375[[1 + 0.00375]^360  / (1.00375)^360 - 1]

PMT=573.75 x                                      1.3511608262......

PMT=$775.23 - The monthly payment.       

 Oct 31, 2018
 #2
avatar+98042 
+1

P   =    1530000 (0.045/12)             =        573.75       ≈     $775.23

           ___________________               ________

             1  - ( 1 + 0.045/12)^(-360)             0 .74...

 

 

 

cool cool cool

 Oct 31, 2018

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