Mortgage calculation (please explain method for calculating answer)

User Generated

XhegT

Mathematics

Description

finite_mortgage_50.png

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

its a calculation formula that is used by the bankers. according to this rule the person who got load have to pay his interest and some part of the actual amount. for details and the calculator please visit http://www.bankrate.com/calculators/mortgages/mortgage-calculator.aspx


Anonymous
I use Studypool every time I need help studying, and it never disappoints.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4