Talk:Mortgage constant

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Missing parentheses in formula

Latest comment: 9 years ago1 comment1 person in discussion

The formula is missing a simple yet crucial parenthesis. What is listed on the page: Loan Constant = (interest/m)/(1-(1/(1+(i/m)^n)) What SHOULD be listed on the page: Loan Constant = (interest/m)/(1-(1/(1+(i/m))^n)) See the 5th character from the right side, the new parenthesis added. Without it, the equation doesn't work. There is no source, I just plugged it into excel and had to do more research before I figured out the error, and now it works perfectly. Here is another link that shows a variation on the formula, but with the correct parenthesis: ^[1] 73.181.134.183 (talk) 05:33, 8 May 2015 (UTC)Reply

References

^ http://isites.harvard.edu/fs/docs/icb.topic1150896.files/Calculating%20the%20Mortgage%20Constant.pdf

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[1] ttp://isites.harvard.edu/fs/docs/icb.topic1150896.files/Calculating%20the%20Mortgage%20Constant.pdf

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