Calculator Problem – 02/11/2013

If you sell a house and carry back a mortgage for $810,000 at 6% for 30 years, what would be the payment you would receive?

(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.)

(N=360,I=3.75%,PV=720,000,FV=0)  PMT= -3,334.43

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