You can do it, but it isn't exactly straight forward. Here is the basic formula that you will need to follow:
M = P * (i / (1 - (1+i)^-T))
M - is the monthly payment
P - is the principle
i - is the monthly interest
T - is the term
So, we buy a house for $200,000 with a 3% interest rate, and the term of the mortgage is 30 years (360 months)
Convert the interest from percentage to decimal, and then to monthly.
3% divided by 100 = 0.03 and then 0.03 divided by 12 months = 0.0025
So i = 0.0025
Add in your Term, in this case it is 30 years (30x12=360 months)
T=360
Break the calculations into sections, doing the innermost parenthesis first
M = P * (0.0025 / (1 - (1+0.0025)^-360))
(1+0.0025) = 1.0025
M = P * (0.0025 / (1 - (1.0025)^-360))
This next part is the most complex. You have to deal with a negative exponent. 1.0025 to the -360 power. To do this you have to convert the negative to a positive.
On your scientific calculator, you will need to use the button that has an X with a small y above it. This is the "power" or exponent button.
Enter 1.0025 xy 360 = 2.45684
Then divide 1 by 2.45684 = 0.40703
The rest is relatively simple
M = P * (0.0025 / (1 - 0.40703))
1 - 0.40703 = 0.59297
M = P * (0.0025 / 0.59297)
0.0025 Divided by 0.59297 = 0.00422
P is our principle, which is $200,000. Multiplying 200,000 by 0.0042 will give us a monthly mortgage payment of $844
M = $844 per month
No. Plain is a noun, or an adjective. The adjective plain has the adverb form "plainly."
The word plain has one syllable.
"Plain" has one syllable and a long "a" vowel sound.
The denotation of "plain" refers to something that is clear, straightforward, or lacking in ornamentation or complexity. It can describe items that are simple in appearance, such as plain clothing, or it can refer to concepts that are easily understandable. Additionally, "plain" can denote a flat, level area of land, often characterized by grasslands or fields.
A pound of plain M&Ms weighs approximately 453.6 grams. If a serving is 42 grams, you can calculate the fuel value (calories) per serving based on the nutritional information. Plain M&Ms typically have around 4.8 calories per gram, so a 42g serving would contain approximately 201.6 calories. To convert calories to fuel value in kg, you would need to know the energy density of the fuel source being compared, but generally, the focus is on caloric content for food.
Communism plain
communisum plain
Communism plain
In plain Enlgish - it refers to your being behind in your payments.
If your property is in a flood plain or your mortgagor requires flood insurance, no, you cannot cancel flood insurance.
six. hello if you could type that question, you can use a plain calculator. get one will ya!!! just press 5 + 1 =. there's your answer!
The answer is 12,553 m.
Very little except that a Mortgagor is specifically the the named borrower on a mortgage instrument, whereas a plain old 'borrower' could be anybody who borrowed anything from anywhere.
Add them together and divide by 4 (the number of percentages you had in the first place) It's just like averaging plain numbers
Plain
Northeastern Plain ( Manchurian Plain )
The North China Plain is a plain in China.