Tim Wunder <[EMAIL PROTECTED]> writes:
> Can I get the current balance of an account as a variable? Say, to get
> the current principal balance of a loan for calculating interest for a
> loan. The SX would look like:
> Acct Deposit Withdrawal
> Checking: $1000.00=<pmt>
> Loan: <pmt>-<int>-<escr>
> Interest: <loan principal>*.06/12=<int>
> Escrow: $244.64=<escr>
This is a very simplistic view of interest and does not take
compounding into effect... But in general, yes, this is what
I'd like to do, too.
> <pmt> and <escr> are fixed and manually entered, the rest gets calculated.
Well, the ".06" and "12" (rate and term) would get entered manually,
too. I'm not sure how you calculate variable-rate loans, however.
> Is that possible?
>
> Tim
-derek
--
Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
Member, MIT Student Information Processing Board (SIPB)
URL: http://web.mit.edu/warlord/ PP-ASEL-IA N1NWH
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