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Algebraic formulas are used for monthly mortgage payments.PVA = Present Value of Annuity Amount A = annuity payment. Annual percentage rate:L - F = P1/(1 + i) + P2/(1 + i)2 +�?? (Pn + Bn)/(1 + i)n.For more details visit http://www.mtgprofessor.com/formulas.htm

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16y ago

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