Financial Management math homework question?

Jaycee Martinez

New member
Hey there,

I can't seem to get my calculator to do what I want, so I need some explanation on this. I have the TI BA II Plus model.

QUESTION:

The monthly mortgage payment on your house is $1,800. It is a 25 year mortgage at 8.5% compounded monthly. Approximately how much did you borrow?

Thanks
 
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