NPV
Net present value of a constant yearly payment minus the outlay.
Open a calculatorOrdinary loan/annuity maths: n = years × 12, r = yearly rate / 12. Total is the payment times n. Fees and a guarantee period are not in the figure.
Monthly payment: 2,149
The same engine as a loan, pointed at a retirement pot or a principal you still owe.
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An educational estimate. Not medical, tax or credit advice.