Hello! I am having a hard time doing this in excel, and variations of it:
how can i calculate the monthly price i need to pay to pay down 2 accounts 2 0
where the 1st account is worth 2000 and has 0 percent interest
and the 2nd account is work 10,000 and has 5 percent compounting interest
but I must pay the 1st account down to 0 totally before I can pay the 2nd account down
and the payment amount must be an equal amount each month
how can i calculate the monthly price i need to pay to pay down 2 accounts 2 0
where the 1st account is worth 2000 and has 0 percent interest
and the 2nd account is work 10,000 and has 5 percent compounting interest
but I must pay the 1st account down to 0 totally before I can pay the 2nd account down
and the payment amount must be an equal amount each month