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Formula to Calculate Mortgage Payments | LoveToKnow 
Fifth, calculate the term of the mortgage. The formula for this calculation is: T = (1 + I) n. Using the example of 0. 004167, the calculation would be: 1 + 0. 004167 = (1. 004167) 180 = 2. 11383. In this example, therefore, T = 2. 11383. Step 5: Calculate Monthly Mortgage Payment. Finally, it is time to calculate the total amount of monthly . . .   more



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