hpbii +: bad payments
I keep getting payments hurt when I get home loan information
the problem, says, a loan of $60,000 made a nominal interest of 12% for 30 years, what are the constant monthly mortgage payments?
My calculator is set to 1 P/year
I entered my calculator as follows:
put n = 12 * 30 = 360
I =. 12/12 =.01
PV =-60,000
FV = 0
then click on payment for 169,69
the real answer is 617.17
does anyone know how to fix this please?
in fact, all my functions of time are extinguished because regardless of the definition of that is, I don't know how to fix
You do everything correctly, except your interest rate is not envisaged as a percentage but rather a fraction to a decimal number. participation of 20% would be entered as 20, pas.2 - in this case, 12% are enrolled in the 12/12 or 1 and pas.01 as you wrote.
Replace your I "12/12" (1, pas.01) and try again. You can see some 617.17 as you wish.
Tags: HP Tablets
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