Calculate Term Loan

Forum|Forum|4 years ago
April 24, 2021
2 replies
3958 views

Hi, I want this formula in pdf form. Can someone simplify, please?

I want to calculate the loan monthly payment.

https://www.calculatorsoup.com/calculators/financial/loan-calculator-simple.php

https://www.thebalance.com/loan-payment-calculations-315564

https://www.kasasa.com/blog/how-to-calculate-loan-payments-in-3-easy-steps

PDF forms

This topic has been closed for replies.

Correct answer Nesa Nurani

You can use this,just change field names if neccessary:

var a = Number(this.getField("Amount").value);
var ir = Number(this.getField("Interest Rate").value);
var lt = Number(this.getField("Loan Term").value);
var n = lt*12;
var i = ir/100/12;
var total = (a*i*Math.pow(1+i, n))/(Math.pow(1+i, n)-1);
if(a == "" || ir == "" || lt == "")
event.value = "";
else
event.value = total;

Nesa Nurani

Correct answer

Community Expert

You can use this,just change field names if neccessary:

var a = Number(this.getField("Amount").value);
var ir = Number(this.getField("Interest Rate").value);
var lt = Number(this.getField("Loan Term").value);
var n = lt*12;
var i = ir/100/12;
var total = (a*i*Math.pow(1+i, n))/(Math.pow(1+i, n)-1);
if(a == "" || ir == "" || lt == "")
event.value = "";
else
event.value = total;

E

EJMorgan2

Participant

Nesa - this forumla was very helpful. Is there a way to calculate the first payment anywhere from 30 to 90 days out?

E

EJMorgan2

Participant

This is specifically for automotive financing.

T

Test Screen Name

Legend

The formula appears complete and everything in it necessary. It can't be simplified, you now have to convert it to JavaScript. Or when you say "simplify" do you mean "please do my work for me"?