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The ROI tables are based on simple compounding of interest, looking into the present (P), future (F), or into annual (A) equivalents. Can you use
The ROI tables are based on simple compounding of interest, looking into the present (P), future (F), or into annual (A) equivalents. Can you use them to calculate the mortgage monthly payments used for purchasing a home? Without getting too bogged down in formulas, explain how mortgage monthly rates are calculated and how they are different than the ROI tables provided in this book. Hint: use the websites cited in this chapter.
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