I'm in the process of searching for an apartment to buy and the formula for calculating the installment amount, while using only basic operations, is anything but simple.
Chiefly the answer to the question "how will this amount change if the interest rates go from effectively zero to 6%, which is the 30-year average?" is not straightforward.
Chiefly the answer to the question "how will this amount change if the interest rates go from effectively zero to 6%, which is the 30-year average?" is not straightforward.