Loan calculator, total of all payments

Loan calculator, total of all payments

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2 Replies - 2403 Views - Last Post: 31 March 2009 - 07:35 PM Rate Topic: -----

#1 arichguy  Icon User is offline

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Loan calculator, total of all payments

Posted 30 March 2009 - 07:44 PM

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.
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#2 krum110487  Icon User is offline

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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...

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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#3 arichguy  Icon User is offline

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Re: Loan calculator, total of all payments

Posted 31 March 2009 - 07:35 PM

Thanks!
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