On a loan of 250,000 at 4.2%for360 month what'd would be the estimated monthly pay
ment.
PMT = PV. R.{[1 + 0.042/12]^360 / [1 + 0.042/12]^-360 - 1}
PMT =250,000 x 0.0035{[1.0035]^360 / [1.0035]^-360 - 1}
PMT = 875.00 x 1.3971919
PMT =$1,222.54 - The monthly payment.
