Calculator Problem – 04/22/2013

You have a thirty thousand dollar mortgage at six percent amortized over thirty years.  What are the payments?

(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.)

Answer for 04/08/2013 problem:

(N=72,PV= -1000,PMT=137.50,FV=0) I=164.98%