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Can you explain the formula for calculating the yearly payment for a mortgage? Mortgage amount/((1-(1+8%) ^-10 /8%
Can you explain the formula for calculating the yearly payment for a mortgage?
Mortgage amount/((1-(1+8%)^-10/8%
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
13th edition
132743469, 978-0132743464
