Description Usage Arguments Value Author(s) References Examples
Calculates monthly mortgage payments from mortgage data.
This function calculates mortgage estimates. You should seek professional advice before making financial decisions.
1 | monthly_mortgage_payments(annual_interest_rate, term, principal)
|
annual_interest_rate |
The annual interest rate of the mortgage |
term |
The mortgage term in months |
principal |
The principal of the mortgage |
monthly_payment A value with the estimated monthly mortgage payment
Deepankar Datta <deepankardatta@nhs.net>
Formulas sourced from https://en.wikipedia.org/wiki/Mortgage_calculator
1 2 | # monthly_mortgage_payments( annual_interest_rate , term , principal )
# payments <- monthly_mortgage_payments( annual_interest_rate , term , principal )
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