Calculator Problem – 05/21/2012

(See calculator problems 04/23/2012 & 05/07/2012).  If the 4.25% loan cost $300 in miscellaneous fees plus one point for origination fee, which loan would you take?

(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 to 05/07/2012 problem:

(N=144,I=4.75,PV=31500,FV=0) PMT=$287.41

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