In: Finance
cuanto tiempo lleva (hasta el año mas cercano) cancelar un prestamos de 5,500 al 7.95%. si requiere un pago mensual de 171.00
n | Number of payments required = | Log [ 1/ [1 - PV× r/ P] ]/ Log(1+r) | ||
PV = | Present value | $ 5,500 | ||
P= | Periodic payment | 171.00 | ||
r= | Rate of interest per period | |||
Annual interest | 7.95% | |||
Number of payments per year | 12 | |||
Interest rate per period | 0.0795/12= | |||
Interest rate per period | 0.662500% | |||
Number of payments = | Log [ 1/ (1- 5500 × 0.006625/171) ]/ Log( 1+ 0.006625) | |||
n= | Number of payments = | 36.29 | ||
Years | 3.02 |
It takes 3 years.