Okay, im a little stumped. I have been asked to use a formula which
calculates Monthly Repayments on a mortgage loan. The formula I have been
given is
M = P * ( J / (1 - (1 + J) ** -N))
My problem is, the last part. It explains it in english as "then take that
to the -N (minus N) power"
My
Okay, im a little stumped. I have been asked to use a formula which
calculates Monthly Repayments on a mortgage loan. The formula I have been
given is
M = P * ( J / (1 - (1 + J) ** -N))
My problem is, the last part. It explains it in english as "then take that
to the -N (minus N) power"
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