Talk:Mortgage constant

	This article is within the scope of WikiProject Finance & Investment, a collaborative effort to improve the coverage of articles related to Finance and Investment on Wikipedia. If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks.Finance & InvestmentWikipedia:WikiProject Finance & InvestmentTemplate:WikiProject Finance & InvestmentFinance & Investment articles
Low	This article has been rated as Low-importance on the project's importance scale.

Missing parentheses in formula

The formula is missing a simple yet crucial parenthesis. What is listed on the page: Loan Constant = (interest/m)/(1-(1/(1+(i/m)^n)) What SHOULD be listed on the page: Loan Constant = (interest/m)/(1-(1/(1+(i/m))^n)) See the 5th character from the right side, the new parenthesis added. Without it, the equation doesn't work. There is no source, I just plugged it into excel and had to do more research before I figured out the error, and now it works perfectly. Here is another link that shows a variation on the formula, but with the correct parenthesis: ^[1] 73.181.134.183 (talk) 05:33, 8 May 2015 (UTC)[reply]

References

^ http://isites.harvard.edu/fs/docs/icb.topic1150896.files/Calculating%20the%20Mortgage%20Constant.pdf

[1] ttp://isites.harvard.edu/fs/docs/icb.topic1150896.files/Calculating%20the%20Mortgage%20Constant.pdf

[1]