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Formula for determining loan amount

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Write down the formula for determining how much money was borrowed and how to calculate it.
If I have the following example : monthly payment is 821.69 for 30 years at 6.5%.

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Please see ATTACHED Word document for complete solution, including formulas and explanation. Work done with the help of ...

Solution Summary

The solution explains the formula for finding loan amount for given periodic payment and periods.

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