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lildebbie55
i have a loan of 50,000, interest rate of 9%, which compounds monthly for 7 years. what is the monthly payment. please show the formula and variable to calculate the payment. I have been told the answer is 804.45, but I dont know how to come up with that answer
Buying a house for $50000 interest rate is 9% which compounds monthly for 7 years, I use this formula PV =PMT [(1-(1+i)-n)/i] what is the unpaid loan balance after the first and 6th year?
Thank you for all the help and please show how you did it
one of these guys should be able to help you out :)
How do I get to the answer, I'm clicking on everything and don't see it