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Use these equations to solve for your auto and mortgage payments. Show your WORK: P=L(1+r)n1r(1+r)n P= Monthly mortgage payment L= Amortized loan amount r= interest
Use these equations to solve for your auto and mortgage payments. Show your WORK: P=L(1+r)n1r(1+r)n P= Monthly mortgage payment L= Amortized loan amount r= interest rate divided by number of periods (usually r/12)n = payments per year multiplied by number of years (nt) More on calculating mortgage payments 2 LOAN AMOUNT 250,000 RATE 3% NUMBER OF YEARS 30,1
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Real Life Money An Honest Guide To Taking Control Of Your Finances
Authors: Clare Seal
1st Edition
1472272293, 978-1472272294
