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Problem involving mortgage and rate

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  1. Feb 22, 2009 #1
    1. The problem statement, all variables and given/known data
    32zqpvl.jpg


    2. Relevant equations



    3. The attempt at a solution 80,000(((.095x)/(1-(1+(.095/12)))^12x)-1) keep getting errors with graph and cant answer it.
     
  2. jcsd
  3. Feb 22, 2009 #2

    symbolipoint

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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 [Broken]
     
    Last edited by a moderator: May 4, 2017
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