Asked by Peter Pan
I was trying the Mortgage Calculator and I enter 1mil for the loan amount, 1.99% for the IR and 15 years for the length. The result of the amortization table looked weird. The interest gets higher every month while the principal gets lower. Also after the first year, the monthly total of the Interest and Principal doesn't add up to the Monthly Replayment.
And guess what, by year 11 the loan is fully paid (??).
And guess what, by year 11 the loan is fully paid (??).
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