Hi

I get an answer of 1867.43
Are you dividing your 5.75% by 12 to get it to a monthly rate?

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Regards
Roger Govier
"Harraman@Bangalore" wrote in
message ...
annual int rate = 5.75
number of months = 360
principle - 320000
PMT answer = (103,667.97)

This is not correct. Can someone advise correct format for computing this
payment amount. Seesm straight forward.