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# how to calculate a mortgage constant on a 10bII calculator

Does anyone know how to calculate a Mortgage Constant on the HP 10bII Financial Calculator. I had to replace mine and this new one is very different. Nothing in the user's manual.

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## how to calculate a mortgage constant on a 10bII calculator

Hi,

There is a formula and and how in the following link (actually for HP 12C):

Annual Mtg.Constant = 12 * i / (1 - (1 / (1 + i) ^ n)) where: i = annual mortgage interest rate divided by 12 n = term of loan in months

Hope this helps.

BH
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