Question
This is a question about a loan I got half of it done but I am having a hard time simplifying the denominator, the example
This is a question about a loan I got half of it done but I am having a hard time simplifying the denominator, the example gives the answer but I have no idea how they got the answer?
PMT= $93.75
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1- {1+.15/ 12)-12(20)
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Probability and Random Processes With Applications to Signal Processing and Communications
Authors: Scott Miller, Donald Childers
2nd edition
123869811, 978-0121726515, 121726517, 978-0130200716, 978-0123869814
