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Calculator assumptions
Compound Interest Formula
principal ( 1 + interest / compounded ) compounded * time = payment [ ( 1 + interest / compounded ) compounded * time - 1 ] / interest / compounded
25000 ( 1 + 4.99 /
12 )
12 * 7 =
payment [ ( 1 + 4.99 /
12 )
12 * 7 - 1
]
/
4.99 /
12
0 = payment( 0 )
0 = payment