PMT Mortgage Calculator is a monthly payment calculator for a fixed rate mortgage. Fixed rate mortgages are characterized by their interest rate (including compounding frequency, amount of loan, and term of the mortgage). With these three values, the calculation of the monthly payment can then be done.
The payment function PMT in Microsoft Excel, is often used for the calculation of mortgage payments. This application does the same thing - calculates the fixed monthly payment for a fixed rate mortgage as the amount paid by the borrower every month that ensures that the loan is paid off in full with interest at the end of its term.
About Adobe AIR
Adobe AIR runtime allows Adobe AIR applications to be deployed on computers and devices running the Linux operating system. In addition, Adobe Flex Builder for Linux can be used to build rich internet applications that deploy to the desktop and run across operating systems using proven web technologies.
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