What is the payment on a $1,000,000 loan at 4% amortized over four years?

(The answer will be posted with the new calculator problem in 2 weeks. Or if you can’t wait that long, you can go to https://www.facebook.com/garyjohnstonseminars for the answer.)

Answer for 05/04/2015:

(I=7,PV= -5000,PMT=100,FV=0) N=59.29