Calculator Problem – 12/19/11

What is the payment on a $100,000 at 4% amortized over 30 years?

(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 12/05/2011 problem:

(I=15,PV= -60,000, PMT=0,FV=90,000) N=32.64

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