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- 2017-07-29 发布于浙江
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Loan payment amount for a fixed rate （为固定利率贷款付款额）
Loan payment amount for a fixed rate installment loan (car, house, personal loan)
PMT = P (r/n)
1-(1+r/n)-nt
Where PMT = payment amount (usually monthly), r = annual interest rate, n = no.
compounding periods per year, t = length of loan in years, P = amount
borrowed/Principal
APR for a mortgage takes into account all interest paid and points paid on the loan.
A $175,500 mortgage is financed for 30 years at 7.5%.
a) Find the monthly payment for the mortgage (excluding taxes and escrow).
b) How
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