Calculate Monthly Payments For Mortgage or Annuity Part A

Calculate Monthly Payments For Mortgage or Annuity Part A.

Calculate Monthly Payments For Mortgage or Annuity Part A video duration 15 Minute(s) 9 Second(s), published by Anil Kumar on 16 10 2014 - 17:30:59.

Related Example: https://www.youtube.com/watch?v=tOrgX8Jw4is&list=PLJ-ma5dJyAqoPY3wzCKZBw5ZFlYo-tZmb&index=2 Part B: This video explains what it means to buy down a mortgage
The video also provides an example to illustrate how a 3-2-1 mortgage buydown changes the .

This video provides an example of how to determine a monthly mortgage payment when the loan requires a down payment
The results are also verified on the This is Tim finding the principal and interest payment (PIP) for a 30-year mortgage for his Math 1324 class

Related Example: https://www.youtube.com/watch?v=tOrgX8Jw4is&list=PLJ-ma5dJyAqoPY3wzCKZBw5ZFlYo-tZmb&index=2
Part B: https://www.youtube.com/watch?v=TTGFetGoQUo
Note the correction in the Formula of PV. Please correct the formula: PV = R[1 - (1 + i)^(-n)]/i
In your calculations use (1 + i) and not (1 - i).
Correct Answer is then 1367.23 for monthly payments as written by my Subscriber. Thanks
Excellent example to understand the concept.
Watch Part B of this video also for renewal of mortgage. https://www.youtube.com/watch?v=TTGFetGoQUo&index=10&list=PLJ-ma5dJyAqrBnet6ZTGrsgudkTU-4A0y