How to Calculate how much is left on your Mortgage using Math - Financial Math Made Easy #mortgage

Welcome to our latest video where we simplify the world of mortgage calculations! In this tutorial, we'll tackle a common question: "A couple purchases a home with a $180,000 mortgage at 4% for 30 years with monthly payments. What will the remaining balance on their mortgage be after 5 years?"Show more

If you've ever been curious about tracking your mortgage balance or want to understand the mathematics behind it, this video is a must-watch. We'll walk you through the step-by-step process of calculating the remaining balance on your mortgage, making financial math accessible and easy to grasp.

By the end of this video, you'll have the skills and confidence to determine how much is left on your mortgage, empowering you to make informed financial decisions and stay on top of your homeownership goals.

Don't forget to hit the "Like" button if you find this video helpful and subscribe to our channel for more straightforward explanations of financial concepts. Join us in demystifying mortgage math and making your financial journey smoother and more informed. #mortgage #financialmath #homeownership

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This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License. Original text from Math in Society by David Lippman.