Question 1163690
<font face="Times New Roman" size="+2">


Let *[tex \Large M] represent the Monthly Payment for a fully amortized loan for a principal amount of *[tex \Large P] at *[tex \Large r] rate of interest per month expressed as a decimal for *[tex \Large n] months.


*[tex \LARGE \ \ \ \ \ \ \ \ \ \ M\ =\ P\frac{r\(1\,+\,r)^n}{(1\,+\,r)^n\ -\ 1}]
 

Plug in your numbers and do the arithmetic.

																
John
*[tex \LARGE e^{i\pi}\ +\ 1\ =\ 0]
My calculator said it, I believe it, that settles it
<img src="http://c0rk.blogs.com/gr0undzer0/darwin-fish.jpg">
<font face="Times New Roman" size="+2">