So I'm doing this exel thing and it give me:
Panama City
$2,468.52 COST
4.05% APR
$75.00 MONTHLY PAYMENT
24 MONTHS (PERIODS)
? AMOUNT SAVED
So my formula for amount saved would be =FV(4.05%/12, 24, -75)
??????????????????????
04-04-2006 12:09 PM
#1
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04-04-2006 08:17 PM
#2
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something like that yup | |
04-04-2006 09:03 PM
#3
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I think you have to convert your APR into EIR then do the calculation. Also, you find out how much you save by subracting the value you get by doing the calculation from the original cost. | |
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04-04-2006 09:15 PM
#4
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something looks funny in your tightle | |
04-04-2006 09:18 PM
#5
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Nah, she said that was it. The amount saved is how much we have saved of the $2k, like the cost is our goal. We are depositing $75 each month and getting that annual interest rate, so we gotta divide it by 12. Thx Jeff. | |
04-04-2006 09:23 PM
#6
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Hangin out with PO$$E$$ED too much. | |
04-05-2006 12:56 AM
#7
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