how to use mort.raw?

[toml_12953]

You forgot to divide the annual interest by twelve to get monthly compounding interest. So, monthly interest = 0.025 / 12 = 0.00208333 will give you the result 887.3680803. Note that interest is entered as decimal value, not a percentage.

That’s it! Thank you so much. That’s a strange way of inputting interest. I just hope I can remember it when I actually need to use the program a year from now. lol.

You could always have the calculator do the division by 1200 for you. Enter 2.5 and it will give you 0.00208333