krazykdd asked:
For example, if I had a $10,000 mortgage over 5 years at 5%, I know that the interest in the first year would be $500 and the principal in the first year would be $1810. I can use excels spreadsheet function to figure that out, but I can’t figure out how the math works. Can anyone give me a help?
http://1mortgagecalculator.info
For example, if I had a $10,000 mortgage over 5 years at 5%, I know that the interest in the first year would be $500 and the principal in the first year would be $1810. I can use excels spreadsheet function to figure that out, but I can’t figure out how the math works. Can anyone give me a help?
http://1mortgagecalculator.info
