Ammortization Calculator

[jkruer01]

Hello,

I am trying to create a webpage to calculate a monthly payment based on ammount borrowed, interest rate, and length of the loan. Does anyone know how to do this?

Thanks!

[viravan]

Do you want a Candian version or one that is used elsewhere in the world?

:)

V.V.

[David Harrison]

You're in luck, I literally wrote exactly what you asked for (I think), it comes with a lot of extra's as well like displaying a balance sheet, which also acts as a check.
However, the calculator assumes that, for instance, if the uniform payment is made every month, the interest is charged every month. If interest is charged every day and repayments every week, you'll have to modify it a bit.
If you're interested then I'll upload the page as a zipped file.

[David Harrison]

I uploaded it anyway.

[jkruer01]

Thanks for the help. I'll take a look at it and let you know what I think about it.

Thanks.

[David Harrison]

There are probably a few (a lot) of bugs in it because when I wrote it I was new to js, but it should just about get what you want done. Unless of course you use Netscape since I've only just downloaded it and nothing I've ever done seems to be compatible with it.