https://github.com/naemazam/simple-loan-calculator
The Simple Loan Calculator allows the users to calculate their loan monthly payment amount, total payable amount, and total interest. The system requires the users to enter the loan principal amount, annual interest rate, and loan terms (year). The computation results will be presented to users below the form in a table.
https://github.com/naemazam/simple-loan-calculator
html-css-javascript loan-calculator naemazam
Last synced: 4 months ago
JSON representation
The Simple Loan Calculator allows the users to calculate their loan monthly payment amount, total payable amount, and total interest. The system requires the users to enter the loan principal amount, annual interest rate, and loan terms (year). The computation results will be presented to users below the form in a table.
- Host: GitHub
- URL: https://github.com/naemazam/simple-loan-calculator
- Owner: naemazam
- License: mit
- Created: 2022-02-18T17:38:41.000Z (over 3 years ago)
- Default Branch: main
- Last Pushed: 2022-02-18T17:44:21.000Z (over 3 years ago)
- Last Synced: 2025-03-04T10:14:50.720Z (8 months ago)
- Topics: html-css-javascript, loan-calculator, naemazam
- Language: HTML
- Homepage:
- Size: 4.88 KB
- Stars: 3
- Watchers: 1
- Forks: 0
- Open Issues: 0
-
Metadata Files:
- Readme: README.md
- License: LICENSE
Awesome Lists containing this project
README
# Simple-Loan-Calculator
The Simple Loan Calculator allows the users to calculate their loan monthly payment amount, total payable amount, and total interest. The system requires the users to enter the loan principal amount, annual interest rate, and loan terms (year). The computation results will be presented to users below the form in a table.
# formula for this application:
### **PMT = [ P x (APR/n) ] / [ 1 - ( 1 + ( APR / n ) ) ^ (-nY) ]**
- **PMT** = Regular/Monthly Payment Amount
- **P** = Loan Principal Amount
- **APR** = Annual Interest Percentage Rate
- **n** = Number of Payment Periods per Year
- **Y** = Loan Term in number of years