How do I solve the formula or change it? to see the one is the same each has R =
A certain bank uses the formula above to approximate the annual percentage rate R of the monthly installment loan. Which of the following is an equivalent form of the formula?
R = 24F/N / p+A/12
either R=24F(12P+A)/12N
R= 288F/12NP+AN
R = 2F/N(P + A)
A certain bank uses the formula above to approximate the annual percentage rate R of the monthly installment loan. Which of the following is an equivalent form of the formula?
R = 24F/N / p+A/12
either R=24F(12P+A)/12N
R= 288F/12NP+AN
R = 2F/N(P + A)
