Monday Thoughts – 06/01/2015

You get a 65% LTV loan on a $770,000 purchase at 5% amortized over 25 years.  What is the monthly payment?

(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 05/18/2015:
(N=48,I=4,PV=1,000,000,FV=0) PMT= $22,579.05