**Instructions:** Compute the required monthly mortgage payment, by indicating the total loan amount, the nominal annual interest rate (\(r\)), and the number of years to repay the loan (\(n\)). You will be shown step-by-steps calculations as well as a full amortization schedule:

#### Mortgage Payment Calculator

More about the *this monthly mortgage payment calculator* so you can better understand how to use this solver: The monthly payment that needs to be made in order to repay loan of \(\$L\), with a rate of \(r\) in \(n\) years is computed using the following formula:

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