6. Write a paragraph (at least four sentences) reflecting on what you have learned in this finance unit. What has been the biggest surprise? What did you understand for the first time? In what ways can you apply this knowledge to your daily life? (12 points) Loan payment formula d(1-(1+) -nt p = r n P is the loan amount (principal) d is your loan payment amount (usually monthly) r is the annual interest rate in decimal form. n is the number of compounding periods in one year (usually 12) It is the length of the loan, in years.