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.
2 Replies  2552 Views  Last Post: 31 March 2009  07:35 PM
Replies To: Loan calculator, total of all payments
#2
Re: Loan calculator, total of all payments
Posted 31 March 2009  05:18 AM
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...
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.
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
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