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  1. In Topic: VB 2012 Mortgage calculation not working

    Posted 31 Aug 2014

    In post #9 I made a mistake: instead of interest I put length. I corrected it.
  2. In Topic: VB 2012 Mortgage calculation not working

    Posted 31 Aug 2014

    Glad to hear that. Good luck.

    Edit: the total interest is not exact. To fix that, add ths line directly, after line 13:

    monthly_payment = monthly_payment.ToString("N2")
    
  3. In Topic: VB 2012 Mortgage calculation not working

    Posted 31 Aug 2014

    I repeat whenever there is the variable interest, divide it by 1200. For instance, in line 13 you didn't. So do it now.
  4. In Topic: VB 2012 Mortgage calculation not working

    Posted 31 Aug 2014

    Here is the correct formula:

    Dim monthly_payment As Double = loan * (interest / 1200) / 1 - (1 + interest/1200)
    


    Another way is:

    Dim interest as double
    interest = interest/100
    


    and you divide interest by 12 in the formula.
  5. In Topic: VB 2012 Mortgage calculation not working

    Posted 31 Aug 2014

    How do you express the interest rate? suppose the rate I have is 12%

    so I must write it this way: interestRate = interestRate/100. After that, I always must divide it by 12.

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    rossypz Icon

    15 Aug 2014 - 01:08
    Hi,I Am Mrs Rose.I am writing to know you more for i have an important issue to discuss with you. for more details write me on This Email: rosse4u2006@hotmail.com wrte to my email..
    God bless.
    Roseline
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