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Finite geometric series word problem: mortgage | Housing | Finance & Capital Markets | Khan Academy

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Uploaded on Mar 30, 2010

Figuring out the formula for fixed mortgage payments using the sum of a geometric series. Created by Sal Khan.

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Finance and capital markets on Khan Academy: Most people buying a home need a mortgage to do so. This tutorial explains what a mortgage is and then actually does some math to figure out what your payments are (the last video is quite mathy so consider it optional).

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