Question 1023887
To amortize a loan, the formula is P=L[c(1+c)^n]/[(1+c)^n-1] where P is the payment,L is the original loan, c is the interest rate per period, and n is the total number of payments. So:
P=200000[(.0425/12)(1+(.0425/12))^360))/[(1+(.0425/12))^360 -1]
P=2529.2100430477458909800905736667/2.5706494725379941990307161040001
P=$983.88/month
360 x 983.88=$354196.80 total payments over 30 years. ☺☺☺☺