Struggling to find "t" in repayment formula
A= P*r (1+r)^t / (1+r)^t - 1
How do I solve for "t"
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Struggling to find "t" in repayment formula
A= P*r (1+r)^t / (1+r)^t - 1
How do I solve for "t"
Solve for (1+r)^t first.
As written you have:
Clearly the (1+r)^t terms cancel. Is that really what you meant?
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