Calculator Problem – 12/19/11

What is the payment on a $100,000 at 4% amortized over 30 years?

(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 to 12/05/2011 problem:

(I=15,PV= -60,000, PMT=0,FV=90,000) N=32.64