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01-02-2012, 06:11 PM #1
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- Mar 2011
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How to setup Payment Plan "Calculator"
I need to create a page that is in a sense a Payment Calculator. What it needs to do is take a balance and divide it by a user selected number of months and then display how much must be paid each month to pay off the balance in that time period.
How would i set this up to work dynamically so if they decide they want a different number of months it will allow them to change it?
I would appreciate any help provided!
01-02-2012, 06:57 PM #2
you might want to add some validation, but I think this is basically what you want to do:
01-02-2012, 09:52 PM #3
CAUTION: If there is a finance charge on the amount due, as a percentage of the balance, then you can *NOT* simply divide by the number of months.
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