I'm updated some sample code for a tutorial and I've got
working code for various loan calculations.
Dredging through my memory I'm sure I was taught back
at school how to calculate repayments that go down as
the remaining principal goes down. I can't find anything in
my battered copy of Salles Hill & Anderson, and half an
hour on the web gives me hundreds of "how to reduce
your loan"-type adverts :)
My basic structure goes something like:
for year=1 to term
for month=1 to 12
loan=loan+interest
loan=loan-repayment
next
next
....but how to calculate 'repayment'.
Ta.
--
JGH - mdfs.net
