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
\n" ); document.write( "\n" ); document.write( "MM \n" ); document.write( "

Algebra.Com's Answer #766495 by MathTherapy(10552) $\"\"$ $\"About$

You can put this solution on YOUR website!
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
\n" ); document.write( "\n" ); document.write( "MM
\n" ); document.write( "

In order to solve for t, we need to get that variable by ITSELF
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document.write( " ------- Multiplying last 2 expressions
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document.write( " --------- Distributing last expression
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document.write( " --------- Adding  to both sides
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document.write( " ------------------ Factoring out right side
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document.write( " ---------------- Dividing both sides by 
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document.write( " ---------- Applying KCF to left side
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document.write( " ----------------------- Cancelling and simplifying left-side fractions
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document.write( " ------------------ Converting to LOGS
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document.write( "That's it! Quite GRUELING, I might add!! \n" );
document.write( "

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