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Calculate the monthly payment for a student loan of $130,257 at a fixed APR of 8.7% for 25 years.

 Apr 3, 2020
 #1
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N=25*12; R=0.087/12;PV=130257; PMT=PV*R*((1 + R)^N) / ((1 + R)^(N) - 1);print"LOAN PMT =$",PMT

 

 

LOAN PMT =$ 1066.48

 Apr 3, 2020
 #2
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Thank you!!

Guest Apr 3, 2020

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