[arichguy]

Can someone please assist me in solving this, I need to find the total of all payments at the end of the loan period.
example, Mr. X borrows $100,000 for 15 years at the rate of 10%. The total of all payments is supposed to be $193,428.92. If someone can post the code for this I'll really appreciate.

[krum110487]

well I know there is an equation for this...but I hated calc 2 with a passion and just the spite it I will do it the "dumb" way...

int X as Integer = 100,000

loop (15 times)
	 X += X * .1 
next

of course this isn't exact, I will leave it to you to figure out the rest.

Next time please show the code you have.

This post has been edited by krum110487: 31 March 2009 - 05:19 AM

[arichguy]

Thanks!