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Path: utzoo!linus!philabs!cmcl2!seismo!uwvax!uwmacc!jwp
From: jwp@uwmacc.UUCP (Jeffrey W Percival)
Newsgroups: net.invest
Subject: Re: amortization schedule?
Message-ID: <1684@uwmacc.UUCP>
Date: Mon, 11-Nov-85 18:31:12 EST
Article-I.D.: uwmacc.1684
Posted: Mon Nov 11 18:31:12 1985
Date-Received: Wed, 13-Nov-85 04:40:03 EST
References: <10800001@uicsl> <355@tekchips.UUCP>
Reply-To: jwp@uwmacc.UUCP (Jeffrey W Percival)
Organization: UWisconsin-Madison Academic Comp Center
Lines: 11

In article <355@tekchips.UUCP> stevev@tekchips.UUCP (Steve Vegdahl) writes:
>> I have some questions about early payment of a loan.
>> 1) I have a simple interest loan.
               ^^^^^^^^^^^^^^^
>First, I will define the quantity S:
>  S = P / ((1+I)^N - 1)

What's the exponential doing here in a calculation of simple interest?

-- 
	Jeff Percival ...!uwvax!uwmacc!jwp