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486/6 = 81

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Q: If you buy a television for 486 including tax and are allowed to pay for it in 6 equal payments how much will each payment be?
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What does 1111111 mean on your credit report payment history?

means your up to date with your monthly payments in the past 7 mths (past) 1111111 (present) if you have a 2s or 3s in the series of numbers ... ie) 111231121 it means you have been behind with your monthly payment that paticular month. 1s mean paid monthly payment on time 2s mean 30 days (missed one payment) 3s mean 60 days (missed two payments) 4s mean 90 days (missed three payments)


How can one perform lump sum payments?

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What Excel function calculates the future value an investment based periodic payments?

FV( interest_rate, number_payments, payment, PV, Type )

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