I am having troubles to find a equation for interst (x) from the mortgage equation:
a=M*(x/1200*(1+x/1200)^(r*12))/((x/1200+1)^(r*12)-1)
x=? (Online equation solvers can’t calculate it)
For Mortage 100,000 (M), interest x=10 and 1 year (r) monthly annuity a = 8,791.59I am having troubles to find a equation for interst (x) from the mortgage equation:
a=M*(x/1200*(1+x/1200)^(r*12))/((x/1200+1)^(r*12)-1)
x=? (Online equation solvers can’t calculate it)
For Mortage 100,000 (M), interest x=10 and 1 year (r) monthly annuity a = 8,791.59 I am having troubles to find a equation for interst (x) from the mortgage equation:
a=M*(x/1200*(1+x/1200)^(r*12))/((x/1200+1)^(r*12)-1)
x=? (Online equation solvers can’t calculate it)
For Mortage 100,000 (M), interest x=10 and 1 year (r) monthly annuity a = 8,791.59 mortgage, interest MATLAB Answers — New Questions