small-monkey
small-monkey
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The Equation is 898 * (1 + z)^24 = 1511 where z is the interest per month. z = [ (1511/898) ^ (1/24) ] - 1 ( "^(1/24" is more usually known as the 24th-root of ...) z = 0,0219... So the answer is 2,2%.
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The Equation is 898 * (1 + z)^24 = 1511 where z is the interest per month. z = [ (1511/898) ^ (1/24) ] - 1 ( "^(1/24" is more usually known as the 24th-root of ...) z = 0,0219... So the answer is 2,2%.
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The Equation is 898 * (1 + z)^24 = 1511 where z is the interest per month. z = [ (1511/898) ^ (1/24) ] - 1 ( "^(1/24" is more usually known as the 24th-root of ...) z = 0,0219... So the answer is 2,2%.