Notion Answers

Help between Notion users


Register & Ask

It's free & easy

Get answers

Answers, votes & comments

Vote and select answers

Receive points, vote and give the solution

Question

1vote

Can you calculate a mortgage payment using formulas?

The following formula is used to calculate the fixed monthly payment (P) required to fully amortize a loan of L dollars over a term of n months at a monthly interest rate of c. [If the quoted rate is 6%, for example, c is .06/12 or .005].
P = L[c(1 + c)n]/[(1 + c)n - 1]

Can you control the order of operations of formulas to produce an accurate result?

1 Answer

0vote

Saritanotion Points1020

Please log in or register to answer this question.

...

Welcome to Notion Answers, where you can ask questions and receive answers from other members of the community.

Please share to grow the Notion Community!

Connect