Private Sub calButton_Click(ByVal sender As System.Object, ByVal e As System.EventArgs) Handles calButton.Click Dim monthlyPayments As Double Dim bloanTotal As Double = 5000 Dim rate As Double = 0.005 Dim interest As Double Dim toPrincipal As Double Dim toInterest As Double Dim counter As Integer Do 'calculate the montly payments. monthlyPayments = Financial.Pmt(0.06 / 12, 12, 5000) TextBox1.Text = monthlyPayments.ToString("C2") counter = counter + 1 'add one to the counter interest = bloanTotal * rate 'calculate interest rate from payment that will only count as interest toInterest = monthlyPayments - interest 'amount of monthly payment going towards interest toPrincipal = monthlyPayments - toInterest ' amount of monthly payment going towards principal bloanTotal = bloanTotal - toPrincipal 'new balance after deducing principal from begining balance Label2.Text = toPrincipal.ToString & " " & toInterest.ToString & ControlChars.NewLine ' concatinate principal and interest strings and create a new line If counter = 12 Then 'exit loop once counter has reached 12 and loan amount has reached zero Exit Do End If Loop End Sub
1 Replies - 570 Views - Last Post: 25 November 2012 - 09:36 PM
Visual Basic loan interest and principal calculator
Posted 25 November 2012 - 09:34 PM
I'm trying to get the program to output the principal paid out to and the interest paid towards a loan of $5000. No input is take its all been declared already.Monthly payment is correct at 430.33. However, principal and interest output is (interest) 23.6588644... and -453.991013030... (which are flipped in placement). The output should be a row of principal reflecting the amount principal paid out through out the 12 months and a second row displaying also the interest paid towards the loan of 5000 through the 12 months. When i run the code with just the area below count+=1 and above the if statement only one output is displayed. I'm confused why with the loop the number get mixed up.
Replies To: Visual Basic loan interest and principal calculator
Page 1 of 1