You borrow $1,500,000 at 30 day LIBOR with a 1 3/4 spread amortized over 18 years. If LIBOR is 17 basis points today, what is your payment?
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Answer for 03/23/2015:
(N=240,I=5%,PV=333,333.33,FV=0) PMT= -2,199.85