You are considering taking out a $120,000 mortgage for 30 years at an annual interest rate of 11.0%. You want to determine your monthly repayment.

Memory register usage:

Register 0: 120000 (principal). Register 1: 0.00916 (periodic interest rate is 11.0% / 12) Register 2: 360 (term - 30 x 12)

Clicking SELECT on Pmt returns 1142.06, the value in dollars of your monthly repayment.

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