Formula: r = p * n / m - 1166 + 0.83
p = $5,000 n = 60 (Months) m = $200 (Monthly Payments).
If I put p = $5,000 it's ok. But when I put p = $13,000 it overflows giving me the wrong interest rate.
1 | initial version |
Formula: r = p * n / m - 1166 + 0.83
p = $5,000 n = 60 (Months) m = $200 (Monthly Payments).
If I put p = $5,000 it's ok. But when I put p = $13,000 it overflows giving me the wrong interest rate.