At 05:18 PM 9/19/98 +0200, Ivan Sergio Borgonovo so eloquently stated:
>On 18 Sep 98, at 18:32, Jack Killpatrick wrote:
>
>> Hi All,
>
>> Anyone know of a source for some public domain perl or javascript scripts
>> for doing various mortgage calculations? I'm looking for code,
not web pages
>> with calculators on them.
>
>Sorry but what motgage is exactly?
>If it is:
>I have X $$$ in the bank, evry year they become X $$$ + 5%... how
>many $$$ I'll have after 10 years?
>The formula is
>Money(initial capital=$,number of years=y,interest=%)=
>$+$*%^y+y*$*((1-%^y)/(1-%)-1)
>where if interest=10% %=10/100=0.1
>and ^ means raised to.
>
If it were so easy. With a mortgage, the first half of the life
of the mortgage most money goes to interest. Hence they use a
different formula, i.e., Rule of 78's.
G
_______________________________________________________
George Matyjewicz, C.M.O. mailto:[EMAIL PROTECTED]
GAP Enterprises, Ltd. http://www.gapent.com/
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Your Resource for Retail on the Net
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