How months will it take to pay off a $63,000 loan at 7.5% with a $400 payment?
(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 https://www.facebook.com/garyjohnstonseminars for the answer.)
Answer for 08/24/2015:
(N=360,I=12,PV=0,PMT= -150) FV=524,244.62