Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.2 9/5/84; site uwmacc.UUCP 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