Mortgage calculator code
The heart of the calculator code is the mortgage formula:
Pa = PrValue x IntRate / (1 – (1 + IntRate)–Period)
Where Pa is the payment, PrValue the present value of the loan, IntRate the interest rate and Period, the number of years you are borrowing the money.
As I said earlier, it's easy and at the same time it's not easy.
In part 2 of this mortgage calculator code series you will discover:
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