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How to Compute Interest and Principal Components of a Mortgage in R

Source: https://unsplash.com

Mortgage - This is one word that we hear every now and then all over the news, social media and newspapers and probably ponder about the rigorous math and calculations it entails.

Taking a mortgage is such a huge step towards future home ownership. To some, it’s such a big priority in their lives that they start saving money for the loan periodically(monthly, quarterly etc) annually for quite a number of years.

Investopedia.com states that the most popular mortgages are a 30-year fixed and a 15-year fixed. …










Maggie Wanjiru

Risk Analyst | Data Visualization/ Data storyteller | Nature Lover

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