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!

[PeOfEo]

Do you have any experience with visual basic? Because if you do do it with vb.net/asp.net or something of that discription because it very eay to do with vb. You can also do it with java script and like 10 other things. Do you just want a calculator or do you want it to store anything in a data base, like what the people owe you or you owe them or someone owes someone or whatever.

[jkruer01]

Hello,

I don't know what formula I am supposed to use, that is the problem. I am making a webpage for a car dealership and they want customers to be able to enter in the price of the car and the interest rate plus the length of the loan and get an idea of what the monthly payment would be. I hope this helps you all with what I need. I don't have any other information than that. I know it can be done though, because I've seen it in a lot of different places. One example is this page, http://www.oxmoortoyota.com/f_calculator.cgi?price= , but I think they use perl or something else. I can use ASP, ColdFusion, JavaScript, and I think Perl also. I just need to get an idea of what to do.

Thanks.

[jkruer01]

Thanks Dave.

I guess I will just choose not to do this one then. I figured that there was one formula that the banks all used to calculate the loan payments, but I guess each bank is different.

Thanks.

[PeOfEo]

The formula is esential no matter what you use... I mean without it what are you going to do a a five mile long case statement? Just look it up on the net or go to the bank.

[jkruer01]

But if there is not one single formula, how do I know which bank to go to to get the formula? If each bank uses a different formula, then I can't get one single formula to use on the webpage. Right? Or am I misunderstanding what you are saying.

Thanks.

[jkruer01]

Thank you for all of your help. Once I get the formula, I will let you all know. It may be a while before I am able to get it though. Thanks once again.