Newbie Question
Hi, this is my first post on this great site. I have started playing around with the desktop version and am trying to make a loan formula, but I must be getting the syntax wrong.
Here is what it's supposed to look like:
Payment = (Rate + (Rate / ((1 + Rate) ^ Months) * -1)) * Principal
For some reason when I enter it like that I get a syntax error. I believe that my use of negative one is the problem.
I appreciate any help.
Thanks!
Steve
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