42
votes
Accepted
Which mortgage should I pay off first? Same interest rate and mortgage length
You haven't accounted for what happens when the small loan is completely paid off.
Seven years into the aggressive payoff schedule you need to shift all original principal and interest payment and the ...
- 136k
11
votes
Which mortgage should I pay off first? Same interest rate and mortgage length
However, I just started thinking, and because of the nature of
amortized loans, I'm obviously paying quite a lot of interest in the
beginning....
This is a common point of confusion, the portion of ...
- 69.1k
2
votes
Loan: calculate number of monthly payments with fixed annual interest, fixed montly payment, and 1 additional payment per year
There may not be a closed-form formula to determine the length due to the extra periodic payment, but the algorithm can be done fairly easily in a spreadsheet:
You need 5 columns: Month, Payment, ...
- 130k
2
votes
How do I determine Interest Rate of 4-Week Treasury Bill
A good resource appears to be this link: https://www.treasurydirect.gov/instit/annceresult/press/preanre/2004/ofcalc6decbill.pdf which contains formulas that I will use in the answer.
Because of ...
- 121
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