How much are your monthly payments on a loan If P is the principal, or amount borrowed
Chapter 6, Problem 51(choose chapter or problem)
How much are your monthly payments on a loan? If P is the principal, or amount borrowed, i is the monthly interest rate (as a decimal), and n is the number of monthly payments, then the amount, A, of each monthly payment is A = Pi 1 - 1 (1 + i) n
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