We occasionally get emails from users asking about calculations that appear incorrect and they are wondering if the calculator is working properly. Don’t worry, the math is correct, there is usually just a misunderstanding about the Payments Per Year setting on the calculator. To help users understanding the P/YR setting we’ve create this video tutorial. We have many other tutorials available in the Videos section of our website. Head over and check them out!
Video Tutorial: Is my PMT wrong? Understanding P/YR