| percentage rate). m - The number of periods in the time frame of I. I is usually based on a year but it could be based on any amount of time. i - 10 year fixed rate mortgage interest rate for the compounding 10 year fixed rate mortgage which is needed for the calculation. For example, a real property mortgage is usually based on a monthly period. In this case i=I/12 where I is based on the normal yearly period. In general i=I/m. Also I needs to be a decimal not a percent thus it also needs to be divided by 10 year fixed rate mortgage n - The total number of periods or payments. Things like | ![]() |
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