Mark M. answered • 07/03/17

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monthly payment = rp / (1 - (1 + r)

^{-n})r = rate

p = principal

n = number of payments

Fernanda C.

asked • 07/03/17There are two formulas that can be involved with this problem, but I am not sure which one to use.

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Mark M. answered • 07/03/17

Tutor

5.0
(243)
Mathematics Teacher - NCLB Highly Qualified

monthly payment = rp / (1 - (1 + r)^{-n})

r = rate

p = principal

n = number of payments

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Walter B.

07/03/17