Canadian mortgage loans are compounded generally semi-annually with monthly payments.http. U.S. mortgages use amortizing loan, not compound interest. The total compound interest generated is the initial principal and the final value. The interest is compared less as a result of the lower compounding frequency with the previous case. The force of interest is less than the annual effective discount rate than the annual effective interest rate. The Florentine merchant Francesco Balducci Pegolotti provided a table of compound interest gives the interest for rates on 100 lire.
Richard Witt's book Arithmeticall Questions published in 1613. Witt's book gave tables was a London, mathematical practitioner.