Calculator Problem – 08/14/2015

How many months would it take to pay off a loan of $3100 at 19.96% with payments of $250?

(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 07/27/2015:

(N=180,I=18,PMT=0,FV=25,000) PV=$1,714.16