document.write( "Question 1145264: How do I take the monthly payment formula for compound interest and solve for t?
\n" ); document.write( "The formula I am referring to is:\r
\n" ); document.write( "\n" ); document.write( "A=P(1+r/n)^(nt) + M((1+r/n)^(nt) -1)(n/r)\r
\n" ); document.write( "\n" ); document.write( "Where A= Future Value of the investment
\n" ); document.write( "P = Principle or Present Value of the investment
\n" ); document.write( "r = interest rate
\n" ); document.write( "n = number of times per year interest is compounded
\n" ); document.write( "t = the number of years it will take for the investment to mature
\n" ); document.write( "M = the monthly payment or regular contribution to the investment account\r
\n" ); document.write( "\n" ); document.write( "Thank you!\r
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Algebra.Com's Answer #766479 by ikleyn(52786) $\"\"$ $\"About$

You can put this solution on YOUR website!
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document.write( "If I understand correctly, you are given the formula\r\n" );
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document.write( "    A =  + \r\n" );
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document.write( "and you want to express the monthly payment  M  via all other variables.\r\n" );
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document.write( "It is very simple procedure.\r\n" );
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document.write( "First, move the first term from the right side to the left side with the opposite sign;\r\n" );
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document.write( "then divide both sides by    to expess M \r\n" );
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document.write( "    M = \r\n" );
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\n" ); document.write( "\n" ); document.write( "Solved, explained and completed.\r
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