chenghao1

method 2:

 

 down pmt = 100k
loan = 200k

PV = -200K
n = 12*30 = 360
y = 6%/12 = 0.5%
FV = 0
CPT PMT -> monthly PMT = 1199.10

 

 

 

now, you after you paid 48 times, you need to pay (360-48 =) 312 times 1199.10

ONLY replace the value in N = 312, then press [cpt] PV.

 

or more specifically

 

N = 312
y = 6%/12 = 0.5%
FV = 0
PMT = 1199.10

PV = -189229