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How do I calculate mortgage payments?
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To calculate mortgage payments, you need to know the total amount borrowed, the interest rate, and the length of the loan. You can then use a mortgage calculator to work out the monthly payments. Alternatively, you can use the following equation to calculate the monthly payment: M = P [ r(1+r)^n/((1+r)^n)-1]where M is the monthly mortgage payment, P is the principal amount borrowed, r is the monthly interest rate, and n is the number of payments over the length of the loan.