Calculator Problem – 02/11/2013

If you sell a house and carry back a mortgage for $810,000 at 6% for 30 years, what would be the payment you would receive?

(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 http://www.facebook.com/pages/Gary-Johnston-Seminars/111368472221424 for the answer.)

(N=360,I=3.75%,PV=720,000,FV=0)  PMT= -3,334.43