P= 153000(0.045/12)/1-(1+0.045/12)^-12(30)
P= 6885/12/1-(?????)^-360
P = ???
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.