Question
Calculate the monthly payment using this formula = P*(1+)^T/(1+)^T 1 Principal Loan= 100,000 Interest rate= 3.333% for 30 years I used the calculate solver and
Calculate the monthly payment using this formula = P*(1+)^T/(1+)^T 1
Principal Loan= 100,000
Interest rate= 3.333% for 30 years
I used the calculate solver and got 439.77 but when I plug it into this equation I get a different number.
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Introduction To Finance Financial Management And Investment Management
Authors: Pamela P. Drake, Frank J. Fabozzi, Francesco A. Fabozzi
1st Edition
9811239657, 978-9811239656
