For my understanding, mathematically, same payment schedule will result in the same balance amount for any moment.
It is a 離散的二次曲線。
The mortgage payment calculation rule is that
Monthly payment = P + I and is a constant
P is principle and I is interest
I = Balance * Rate / 12
Balance = Loan amount - Sum(P)
回複:Mortgage Loans - YES!
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don't need any math, just consider the cashflows and
-外-國人-
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12/13/2009 postreply
18:50:29