2mc | ||
R = | _________________ | where |
p(n + 1) |
R = rate of charge
m = number of payment periods in one year
n = number of payments to discharge the debt
c = charge in dollars
p = principal or cash advanced
and
K.S.A. 16-205
2mc | ||
R = | _________________ | where |
p(n + 1) |
R = rate of charge
m = number of payment periods in one year
n = number of payments to discharge the debt
c = charge in dollars
p = principal or cash advanced
and
K.S.A. 16-205