Muddybulldog

Commodore ROM BASIC; 1980

“it’d just take a couple of landlords to have some morals”

So much for that idea.

Project much?

Interest deduction… meaning not 8% anymore. It doesn’t change the math, it changes the rate.

Not sure how zip code factors into “simple arithmetic” but you do you.

No, it’s not.

You’re rationale that 8% of 300,000 = 24,000 therefore $2,000/mo., by dumb luck, comes close at 8%.

• 12% of 300,00 = 36,000/12 = 3,000; actual is $3085/mo
• 8% of 300,000 = 24,000/12 = 2,000; actual is $2200/mo (not $2025)
• 4% of 300,000 = 12,000/12= 1,000; actual is $1432/mo
• 2% of 300,000 = 6,000/12 = 500; actual is $1108/mo
• 0% of 300,000 = 0/12 = 0; actual is $833/mo

It’s algebra, not arithmetic.

P = (r * A) / (1 - (1 + r)^(-n))

where:

• P is the monthly payment
• A is the loan amount
• r is the monthly interest rate (APR/12)
• n is the total number of payments

Daily. Pretty much all of my news, regardless of topic, of delivered via RSS. If’s fast, lightweight to search, and makes it really easy to see what topics are really trending hot.

All the underlying data is the same. Only differences are the ways to visualize it.