Problem involving mortgage and rate

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The discussion centers on a problem involving mortgage calculations and interest rates, specifically using the formula for monthly payments. The user is struggling with errors while attempting to graph the equation related to a mortgage of $80,000 at a 9.5% interest rate. There is an emphasis on the importance of basic algebra in solving such problems. A resource link is provided for further assistance with loan calculations. The conversation highlights the challenges faced in accurately applying mathematical concepts to mortgage scenarios.
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Homework Statement


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Homework Equations





The Attempt at a Solution

80,000(((.095x)/(1-(1+(.095/12)))^12x)-1) keep getting errors with graph and can't answer it.
 
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It seems that your goal generally is to make good use of basic algebra; in any case, you might like to check the link at http://www.oakroadsystems.com/loan.htm
 
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