Calculator Problem – 02/09/2015

You have a loan at 10% with payments of $132.15 a month that can be paid off in 63 months.  What is the current balance of the loan?

(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 for the answer.)

Answer for 01/26/2015:
(N=120,I=8,PV= -100,000,PMT= -8333.33) PV=$1,746,514.32

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