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Comment by ErroneousBosh

6 hours ago

You're assuming banks use that formula and not just YOLO it, "haha fuck you pay me more".

If you learnt calculus, you could check their work and see that it's accurate. And it only takes algebra and a few minutes of work to see that your bank statements match the formula that's been given.

  • I know calculus, and I also know that mortgage payments don't follow that formula - or, maybe they do but they're so buried in noise and extra charges and costs you'd never know it.