How do I calculate mortgage on paper?

Posted by admin | Homework Help | Thursday 18 June 2009 9:59 pm
fwerds asked:


**I DO NOT NEED AN ONLINE WEBSITE WITH A CALCULATE.. I NEED THE ACTUAL EQUATION TO GET THE ANSWER..THANKS…

I have this problem:
mortgage 100,000
Rate 9.5%
20 years

Please show how to calculate this using A PEN PAPER

mortgage online