Used Present value of an annuity
with r = 0.006875 (8.25/12)
n = 360 (30*12)
M = $2,178.67
in the hope A = Loan amount ($290,000) in order to prove $2178.67 was the minimum monthly payment amount. However i kept ending up with A = $289,999.58.....
What did i do wrong?
Also the...