The following function is what I use to calculate mortgage amounts. I
don't know if this will help you though. Oh, and it's in Javascript :(
function CalculateIt(LoanAmount, InterestRate,Years) {
MonthlyInterestRate = (InterestRate / 100) /12;
var Multiplier = 1 + MonthlyInterestRate;
var TermRate = 1;
for (var x=0;x<(Years*12);x++) {
TermRate = TermRate * Multiplier;
}
var PrincipalInterest = (LoanAmount * MonthlyInterestRate) / (1 -
(1/TermRate));
PrincipalInterest = Math.floor(PrincipalInterest * 100) / 100;
return PrincipalInterest;
}
Marlon
Les Mizzell wrote:
> Does anybody have a formula to calculate Mortgage APR written in Cold Fusion
> that I could have a look at?
>
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