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The monthly payment for option 1 is $1,579.63the monthly payment option for 2 is $1,879.60
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The monthly payment for option 1 is $1,579.63the monthly payment option for 2 is $1,879.60

The monthly payment for option 1 is $1,579.63the monthly payment option for 2 is $1,879.60-example-1
User Symaxion
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1 Answer

5 votes

Use the next formula:


TA=P((r(1+r)^n)/((1+r)^n-1))*nt

P is the principal

r is teh ARP (indecimal form)

n number of payments per year

t number of years

Assume a monthly payment:


User Mersim
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