What is the amortization period of the mortgage and the conversion periods (i.e. is the
rate compounded monthly/semi annually...).


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Regards;
Rob
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"Ron" <ron@flymail.fm> wrote in message news:uJfz%23RopFHA.320@TK2MSFTNGP09.phx.gbl...
> Hi, is this the correct formula to calculate mortgage interest on an
> interest only mortgage?
> =SUM((B3*B4)/12)*-1 where B3 is the mortgage and B4 is the interest rate.
> Thanks Ron
>
>