Continuous-Repayment Mortgage

Continuous-Repayment Mortgage

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Description

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Analogous to continuous compounding, a continuous annuity is an ordinary annuity in which the payment interval is narrowed indefinitely. A (theoretical) continuous repayment mortgage is a mortgage loan paid by means of a continuous annuity. Mortgages (i.e., mortgage loans) are generally settled over a period of years by a series of fixed regular payments commonly referred to as an annuity. Each payment accumulates compound interest from time of deposit to the end of the mortgage timespan at which point the sum of the payments with their accumulated interest equals the value of the loan with interest compounded over the entire timespan.show more

Product details

  • Paperback | 68 pages
  • 152 x 229 x 4mm | 113g
  • Acu Publishing
  • United States
  • English
  • 6136691175
  • 9786136691176