Calculator Problem – 10/20/2014

If you have a $100,000 loan amortized over thirty years, what percent does the payment increase if interest rates go from 4% to 5%?

(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 10/06/2014 problem:
(N=360,I=12,PV=25,500,PMT=0) FV=$916,715.85