- Aug 9, 2000
- 18,378
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so I f i take the equation....
plug in 5.85 interest rate (.0585)
plug in 125000 for first balance
and this will be paid over 7 years (84 months)
Why do I keep getting 7374.69?
the equation is, A = start [int *(1 + int)^num_of_payments] / {[(1+int)^num_of_payments]-1}, right?
plug in 5.85 interest rate (.0585)
plug in 125000 for first balance
and this will be paid over 7 years (84 months)
Why do I keep getting 7374.69?
the equation is, A = start [int *(1 + int)^num_of_payments] / {[(1+int)^num_of_payments]-1}, right?