Thread: Annual Payment
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Old October 30th, 2009, 07:29 AM
Wilmer Wilmer is offline
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P = Ai / (1 - x) where x = 1 / (1 + i)^n

P = Payment (?)
A = Amount borrowed (10,000)
i = interest rate (.05)
n = number of years (24)

Yokay?
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