This finance video tutorial explains how to calculate the true cost of a mortgage which is equivalent to the total interest paid over the life of the loan. You can reduce the total interest cost by negotiating for a lower fixed annual interest rate or by increasing your monthly payment to pay off the loan in a shorter period of time.

Liquidity Ratios:
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Assets, Liabilities, & Equity:
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The Short Ratio:
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Debt to Equity Ratio:
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Time Value of Money:
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Future Value of Annuity:
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More Examples on Annuities:
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How To Calculate The Monthly Mortgage Payment:
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The Present Value of an Annuity:
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Net Present Value & Internal Rate of Return:
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Annual Percentage Yield:
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Amortization Loan Formula:
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Amortization Table:
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Rule of 72:
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Bond Yields:
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