I am trying to figure out how to compute the numbers in the table on CFAI text vol 5, pp174-175.
The book says mortgage payment is calculated from a formula in Chapter 19 of Fabozzi’s “Fixed Income Mathematics” book. Does anyone happen to know what that formula is like?
I know it is not in the syllabus but I am curious. Thanks in advance.
The book says mortgage payment is calculated from a formula in Chapter 19 of Fabozzi’s “Fixed Income Mathematics” book. Does anyone happen to know what that formula is like?
I know it is not in the syllabus but I am curious. Thanks in advance.