Mortgage Druid is not giving me expected results

[Laurent Duperval]

Josh Sled wrote:

>Specifically, what is the initial principal, interest rate, and expected
>payment schedule?  What are the values of the formulae that the M/L
>Druid creates?
>
>  
>

Initial: 130,000
Interest: 4% for two years
Bi-weekly payment

The value calculated by GC is:

pmt( 0.04000 / 12 : 227 : 130000.00 : 0 : 0 )

which give 817.33. It should be around $400, I think.

L