Thank you. Well taught! But can you help me figure out how to compute when the problem states: a $400,000 mortgage, 25 yr-fixed at 5% and the borrower made their first payment on April 12th. What is the amount of interest they will pay next year? I seem to get stuck when setting up my AMORT.
Thank you, Dr. Zhang, for elaborating it from a professional point of view. Sometimes, I just do not want to see simply just answer.
Simple yet thorough explanation. Thank you.
Very concise and professional presentation, thank you!
Thank you, Dr Zhang, and thank you HumberEDU.
The best explanation, Thank you very much.
You are so diligent, thank you for your time.
Thank you. Well taught! But can you help me figure out how to compute when the problem states: a $400,000 mortgage, 25 yr-fixed at 5% and the borrower made their first payment on April 12th. What is the amount of interest they will pay next year? I seem to get stuck when setting up my AMORT.
great explanation!
best explanation
Hi, How do I install this calculator on my phone please.
For some reason , my N is 4.07 ..