On Tuesday 19 September 2006 10:20, Jay Blanchard wrote: > [snip] > This seems like a somewhat standard calculation for loans and interest > bearing accounts. Does anyone know how to calculate the graduation > factor? I've been able to figure out it's based off the loan term, loan > balance, and initial interest rate. > [/snip] > > It is called amortization ...
I should have known that ;) That's what happens when you're looking too closely at a problem. thanks! -- Ray Hauge Programmer/Systems Administrator American Student Loan Services www.americanstudentloan.com 1.800.575.1099 -- PHP General Mailing List (http://www.php.net/) To unsubscribe, visit: http://www.php.net/unsub.php
