Thursday, January 21, 2010

Annuity Interest Calculator Annuity Math Question!?

Annuity math question!? - annuity interest calculator

Problem: Find the monthly payment of 100,000 U.S. dollars, 25-year mortgage at 12% compounded monthly.

I offer these on my computer (T-83 Plus)

What I have:
FP-100000
PMT-solving (to)
PV-0
N and I do not think .... How do I find N and I?

I do not understand what that means interest compounded monthly. Someone please tell me. Thanks

1 comment:

rhsaunde... said...

n is the number of Payments 25 x 12 I, the payment of compound interest, 0.12/12 = 0.01. The computer can be built things for the realization of multiplication and division by 12 for the manual. The interest of the first month is $ 1000, even the down payment amount is approximately $ 1050.54.

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