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Mathematics
Damon Dodson
14 October, 05:13
Equation for the monthly mortgage payment
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Corbin Ochoa
14 October, 06:55
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In the standardized calculations used in the United States, c is given by the formula : For example, for a home loan of $200,000 with a fixed yearly interest rate of 6.5% for 30 years, the principal is, the monthly interest rate is, the number of monthly payments is, the fixed monthly payment equals $1,264.14.
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