3 years ago

What is the formula for mortgages?

Mathematics

1 answer:

professor190 [17]3 years ago

7 0

Answer:

Loan payment = Loan amount / Discount factor

Number of Periodic Payments (n) = Payments per year times number of years. Periodic Interest Rate (i) = Annual rate divided by number of payments per. Discount Factor (D) = {[(1 + i) ^n] - 1} / [i(1 + i)^n]

Step-by-step explanation:

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