RE: [PHP] Long Shot Question
| From: | Jay Blanchard | Date: | Tue, 19 Sep 2006 15:25:41 +0000 |
| Subject: | RE: [PHP] Long Shot Question | ||
| Groups: | php.general | ||
| Request: | Send a blank email to php-general+get-241940@lists.php.net to get a copy of this message | ||
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[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 ...
[/snip]
http://www.hughchou.org/calc/formula.html