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OpenStudy (anonymous):
can anyone tell me what I am doing wrong? I have the formula and answer but when I try to plug in the formula in my calculator its not the same!!
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OpenStudy (anonymous):
R = P i / (1 - (1+i)^(-n)) ... R = payment , P = loan principal, i = interest rate, n = number of periods 1100 = P (0.075/12) / (1 - (1 + 0.075/12)^(-30*12)) P = 157319.39 1400 = P (0.075/12) / (1 - (1 + 0.075/12)^(-30*12)) P = 200224.68 Answer: $157,319.39 to $200,224.68
OpenStudy (anonymous):
what's wrong?
OpenStudy (anonymous):
are u ok with this one?
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