Calculation Of Mortgage Payment - PowerPoint PPT Presentation
Title:
Calculation Of Mortgage Payment
Description:
A house is the largest purchase most of us will ever make so it's important to calculate what your mortgage payment will be and how much you can afford. Estimate your monthly payments and see the effect of adding extra payments. – PowerPoint PPT presentation
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Title: Calculation Of Mortgage Payment
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Calculation Of Mortgage Payment
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1.Use This Equation For Calculating Your Monthly
Payment
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2.Define M and P in same currency
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3.Convert Interest Rate To Decimal Fraction
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4.Convert Annual Rate To Monthly Rate
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5.Define n as total number of monthly payment
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Mortgage Calculator
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