Calculator Problem – 03/25/2013

If you borrow $100,000 for thirty years at 3.5% then decide to pay it off in ten years, how much would your payments be?

(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=6,PMT= -14,500,FV=0) PV=$2,418,478.41

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