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  • mortgage calculation, please

    Can anyone show me, even simply algebric, how to calculate morgage. Relation between:

    var r = rate (/per month)
    var m = number of month
    var val = total initial value

    var mort (/per month) = ?
    KOR
    Offshore programming
    -*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*

  • #2
    I found ... sorry for bother you, but I have an account who do this stuff in my bussines

    var r = rate (/per month)
    var m = number of month
    var val = total initial value
    var mort = mortgage(/per month)


    var mort = val * (r / (1 - (1 / Math.pow(1+r,m))))
    KOR
    Offshore programming
    -*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*

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