Calculator Problem – 03/11/2013

If you made a payment of $14,500 a month, how much could you borrow on a thirty year loan at 6%?

(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,PV= -90,000,PMT=1521.93,FV=-0) I=20.24%