What is the formula for calculating the monthly pay on a fixed rate mortgage specifically compounded continuosl
I don't know; it is possible to derive it, but you can get quite close adequate just by assuming monthly compounding: on a typical mortgage -- the difference would be pennies. If you have a financial calculator, you can use each day compounding, which is even closer.
Related Questions:
How low will a 30 year rate mortgage walk contained by NY in a minute?
I've seen a 30 year fixed at 4.875 now. Will it turn lower with all thats going on? What roughly the 15 year fixed? Don't expect rates to fall much lower. In fact, rates might start rising...
Related Questions:
How low will a 30 year rate mortgage walk contained by NY in a minute?
I've seen a 30 year fixed at 4.875 now. Will it turn lower with all thats going on? What roughly the 15 year fixed? Don't expect rates to fall much lower. In fact, rates might start rising...