Xref: utzoo can.general:6938 alt.msdos.programmer:2734 comp.os.msdos.programmer:5317
Path: utzoo!utgpu!cunews!cognos!geovision!pt
From: pt@geovision.gvc.com (Paul Tomblin)
Newsgroups: can.general,alt.msdos.programmer,comp.os.msdos.programmer
Subject: Canadian Mortgage Calculations
Message-ID: <1587@geovision.gvc.com>
Date: 24 May 91 14:37:21 GMT
Reply-To: pt@geovision.gvc.com
Distribution: can
Organization: GeoVision Corp., Ottawa, Ontario
Lines: 17


Does anybody out there know how to calculate mortgage payments (and 
interest, etc) for Canadian mortgages.  I managed to come up with
a formula that is in fairly close agreement to my mortgage table book
for monthly payments, but I have no idea why.  I also don't know if
it's correct for bi-weekly payments.

I'll take anything:  Math notation, Lotus spreadsheets, C code,
even COBOL (god help me).  I just need the formulas.

My bank doesn't know.  They just plug the numbers in and the computer
tells them everything.....
-- 
Paul Tomblin, Department of Redundancy Department.       ! My employer does 
Two roads diverged in a wood, and I/ I took the one less ! not stand by my
travelled by/ And that is why I'm lost, dammit...        ! opinions.... 
pt@geovision.gvc.com or {cognos,uunet}!geovision!pt      ! Me neither.