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asked 10 months ago
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The formula used for mortgage interest rates is as follows:
M = P [ i(1 + i)n ] / [ (1 + i)n - 1]
For understanding the procedure of using this formula, visit the link:
Example of using mortgage rate formula
M = P [ i(1 + i)n ] / [ (1 + i)n - 1]
For understanding the procedure of using this formula, visit the link:
Example of using mortgage rate formula
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