08-18-2006, 09:17 PM
Thanks Brother,
I am using the same formula and i get,
1-)(-Principal)*interest / Number of Ist (-1000)*0.07/12 = -5.833
2-){1-(1+(Int/number of Ins)} = {1-(1+(0.07/12)} = -0.0058
3-) (1/2)/12 = (-5.833/-0.0058)/12 = 83.333 yours is 80.69 ????
Please advise
Thanks for your help and assistance.
I am using the same formula and i get,
1-)(-Principal)*interest / Number of Ist (-1000)*0.07/12 = -5.833
2-){1-(1+(Int/number of Ins)} = {1-(1+(0.07/12)} = -0.0058
3-) (1/2)/12 = (-5.833/-0.0058)/12 = 83.333 yours is 80.69 ????
Please advise
Thanks for your help and assistance.