[khaye1]

Originally Posted by greycrx87

I'm buying everyone a case of beer



Lowes has a 30 policy period to take care of your leftover principle, they will remove the accured intrested if I pay before Oct 10 - going to the store right now...

congratulations!!! now send me my beer!

[Buegie]

Originally Posted by radix

Hmmm... I might be right. 4200*(1+.2299/365)^365 = 5285. 5285 - 4200 = 1085, which is really close to 1089. If true, payments didn't even count. OP got screwed hard.

that is what happened, the payments apparently didn't count. This is easier to do on a financial calculator:

N=365
I=22.99/365=.063
PV=(4200)
PMT=0
FV comes out to be $5285.21