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August 21, 2014

August 21, 2014

Posted by **Cheryl** on Thursday, January 26, 2012 at 9:11pm.

- mortgage rates -
**Ms. Sue**, Thursday, January 26, 2012 at 9:17pmThat depends upon the size of the mortgage and the number of years in which you've agreed to pay it off.

- mortgage rates -
**Damon**, Thursday, January 26, 2012 at 9:40pmI did one very much like this earlier today.

You need the number of years of course.

periods = years * 12

HERE IS ONE LIKE THIS

NOT THE SAME

the patel family recently purchased a home taking out a mortage of $235,000 at 8% for 25 years excluding taxes and insurance what is the monthlt piti payment for their loan

finance - Damon, Thursday, January 26, 2012 at 3:12pm

pmt = PV [ r/{1 - (1+r)^-n} ]

r = .08/12 = .0066666

n = 25*12 = 300

1+r = 1.0066666

(1+r)^-300 = .13624

+1 = 1.13624

.0066666/1.1364 = .005867

* 235000 = $1,378.82 per month

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