Minimum payments are a percentage of your current balance.
As your balance lowers, so does your minimum payment amount.
For a specific equation on how the minimum payment is calculated, contact Amex directly.
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get the difference of interest rate and monthly periodic payment
If i will make 33,000 a year how much will i earn in a month 8 hours a day 5 days a week.
A simple mortgage calculator is a tool used to calculate mortgage payments. It simplifies the compound interest process to give users a single payment number.
The values you would need to calculate mortgage on a mortgage calculator is single sum value Fvn=s(1+c)n. Also payment size value is fvn=p[(1+c)n-1]/c.
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