Question 1057693
Principal=payment (1-(1+(r/n))^(-180))/(r/n), the 180 comes from years* months in a year, or 180 compoundings.
=800(1-(1+r/n))^(-nt))/(r/n)
=800(1-(1.0003333)^(-180)/(.003333) do without rounding.
=800(1-0.54935)/(.00333)
$108153.72.