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To calculate your auto mortgage funds, you must use the formulation: P = [r*PV] / [1 - (1 + r)^-n]. Here, P is the entire month-to-month cost, r is the monthly rate of interest (annual fee divided by 12), PV is the mortgage amount, and n is the variety of funds (loan term in months). Many online calculators can simplify this course of, helping you visualize potential month-to-month payments based mostly on varying mortgage amounts and interest ra
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