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Need to calculate...I am refinancing my do I calculate $100,000 mortgage with a 7% interest rate over 360 months?

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1 0 0 0 0 0 PV 7 i 3 6 0 n PMT will give you the month payment.

Posted on Jan 07, 2011


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Will someone please walk me through the steps to calculate a mortgage payment on the BAII PLUS TEXAS INSTRUMENT. Please be specific. Thanks.

For a thirty-year, $100,000 mortgage at 8% annually, compute the monthly payment:

2nd [CLR TVM] ( clear the time value of money registers )
3 0 * 1 2 N ( thirty years at twelve payments per year )
8 I/Y ( 8% annual interest )
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1 Answer

I used my calculator for years.When I lost my job 3 yrs ago, I stopped using it. How do I calculate a monthly payment for $100,000 at 7% interest rate over 360 months?

if what you are saying is that you have to calculate 7% monthly from 100 $ this means exactly $7 for each month you have to multiply 7 for one month with 360 months and the result will be $2520 for all 360 ...unless it has some penalties to be calculated or something like that ..If the problem that you describe is accurate this is the answer..

Nov 06, 2010 | Computers & Internet

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How do I calculate a mortgage payment?

If $100,000.00 loan: enter 100000. in pv, if interest rate is 5%, enter 5 divided by 12 = %i if 30 year mortgage, enter 360 N enter 2nd PMT to get monthly principle and interest. You may have already solved this problem.

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Financial Calculations

Since there are twelve months in a year, multiply by twelve. For example, a thirty-year mortgage involves 360 months.

Just be sure to divide the interest rate by twelve to match. For example, 6% annually is 0.5% monthly.

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