MIDP Computation Using HP-12C
mortgage amount Factor ENTER. MIDP IN 2 above x $ MIDP $ B. Shorter Term Replacement Mortgage. Enter remaining balance PV $ Enter old mortgage rate g. 12 Enter new mortgage term g. 12x Compute hypothetical payment. PMT $ Return to Section 2 and calculate MIDP using the hypothetical payment, new mortgage term and interest rate. Enter new ... ................
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