Posts Tagged "Finance"

Finding a Loan Balance in PHP

"Yes sir, I will take that 10,000 dollar loan. If I pay 100 dollars a month that will be $1200 dollars right there after my first year." Not so fast the bank teller tells you. You still owe us $9383 and some change, not $8800. You have to remember interest and at your monthly compoundings, it adds up! Damn that interest really hits home. Here I thought I had 1200 ...

Amortization Definitive (C++, C#, Java, etc)

Amortization... it is the process of accounting for, and usually decreasing, an amount of money over a period of time. You can amortize a mortgage or various types of loans, and you can amortize assets based on their value and what their value will be in so many periods of time. Many newbies on our boards have asked about this very project as part of the computer science courses and ...