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pishuonlain [190]
3 years ago
9

C=8/7(k-55) solve for k

Mathematics
1 answer:
Natali [406]3 years ago
5 0
C = 8/7(k - 55)
7/8 c = k - 55
k = 7/8 c + 55
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3 years ago
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http://www.1728.org/annuity3.htm  (see formula 2)
You'll find THAT page and THIS page very helpful:
http://www.1728.org/annuitym.htm


rate = rate / 1,200
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monthly amount = [Total] / ([(1 + rate)^(n+1) -1] / [rate]) -1

monthly amount =
55,000 / [[( 1<span>.005166666667)^</span>(61)-1] /  1<span>.005166666667] -1
</span>
monthly amount = 55,000 / [[<span><span>1.3693761617</span> -1</span>] / .005166666667]-1
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Yes, it's just that "simple". LOL


5 0
4 years ago
Read 2 more answers
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