Calculating loan repayments

CFA Level I
#1

question details:

  • Loan is $4.9m, 30 yr mortgage (fully amortising with 30 equal payments) plus interest of 9%.

How do you get loan repayments of $476,948 from above?

#2

n=30

i=9

pv=-4,900,000

fv=0

compute pmt=476,948.12