10 GREAT FACTS YOU MIGHT NOT KNOW

10 GREAT FACTS YOU MIGHT NOT KNOW
  1. First calculator was created by Edward J. Phelps in 1958.
  2. This tool determines the payment a person needs to make to pay off a mortgage in the future.
  3. Calculator will take into account the cost of loan, interest rate, and length.
  4. The most commonly used tool is the amortization table.
  5. Amortization table will take into account the cost mortgage, 
  6. This tool can help you to calculate monthly payment for a specific property.
  7. It can also figure out the interest paid loan.
  8. It can help you view the amortization table, which is the amount you need to pay each month to cover loan.
  9. You can also use it to compare two different mortgages to see which one is best.
  10. Calculator helps you compare the amount of money you will be making in the future of the money you need to pay each month.