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You are not logged in. #1 20130603 17:41:03
Struggling with calc of interest compounding monthlyHi, #2 20130603 20:52:24
Re: Struggling with calc of interest compounding monthlyHi Last edited by SteveB (20130603 22:24:43) #3 20130603 21:51:00
Re: Struggling with calc of interest compounding monthlyhi mezzlepop You cannot teach a man anything; you can only help him find it within himself..........Galileo Galilei #4 20130603 22:11:44
Re: Struggling with calc of interest compounding monthlyI have just read the original post again, and I can see a bit which I did not read the first time:
This makes things a lot easier, and is not like a mortgage repayment because that is based upon the assumption Where n is the number of months in which interest is accumulated assuming no money is paid back. I am getting: 430032.30 This assumes that there are n=66 months of accumulation. (Not sure whether this is correct.) Last edited by SteveB (20130603 22:16:04) #5 20130604 17:56:21
Re: Struggling with calc of interest compounding monthlyThank you Bob Moderator for referral to the appropriate pages on your site. 