A couple of you have had trouble finding the payment properly. I am not sure whether this is a calculator issue (there is a screen capture for the payment in Question 3 of Section 5.4) or a formula issue. Often I see people using the interest rate for *i* instead of the interest rate per period. Remember, since *i* is the interest rate per period you need to divide it by the number of periods in a year.

Here is an additional example of finding the payment and then using it to construct an amortization table.