Can you explain the formula for calculating the yearly payment for a mortgage? Mortgage amount/((1-(1+8%) ^-10 /8%

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Can you explain the formula for calculating the yearly payment for a mortgage?

Mortgage amount/((1-(1+8%)^{^-10}_/8%

Posted Date: May 19, 2024 10:16 PM

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Can you explain the formula for calculating the yearly payment for a mortgage? Mortgage amount/((1-(1+8%) ^-10 /8%

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