Re: Long Shot Question
| From: | Ray Hauge | Date: | Tue, 19 Sep 2006 15:31:03 +0000 |
| Subject: | Re: Long Shot Question | ||
| References: | 1 | Groups: | php.general |
| Request: | Send a blank email to php-general+get-241939@lists.php.net to get a copy of this message | ||
On Tuesday 19 September 2006 10:20, Jay Blanchard wrote:
> [snip]
> This seems like a somewhat standard calculation for loans and interest
> bearing accounts. Does anyone know how to calculate the graduation
> factor? I've been able to figure out it's based off the loan term, loan
> balance, and initial interest rate.
> [/snip]
>
> It is called amortization ...
I should have known that ;) That's what happens when you're looking too
closely at a problem.
thanks!
--
Ray Hauge
Programmer/Systems Administrator
American Student Loan Services
www.americanstudentloan.com
1.800.575.1099