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HOW TO INPUT THIS INTO A CALCULATOR 1900[1-(1+0.08)^-8]/0.08

 Apr 4, 2016
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This is how you should write it down:1900*[[1-(1+0.08)^-8] / 0.08]

The answer should be=$10,918.61

The calculator cannot handle it in one go. I tried it and you get nothing.

This is the amount of a loan @ 8% to be repaid in 8 years at an annual payment of $1,900 per year.

 Apr 4, 2016

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