>What I am trying to calculate is the interest rate if a person pays there mortgage every other week which gives 1 extra payment. I want to know the equivalent. So I do know the number of payments. I calculate that first to show a person the difference between the original loan and paying it biweekly. I will look at the payment calculation and see if that helps.
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>Thanks everyone for your input...
Isn't the interest RATE fixed? Perhaps you want to know the total money paid as interest?
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