Re: Finance formula

It's called amortization. I searched for "amortization formula" on google.com and this was the first hit I got: http://ray.met.fsu.edu/~bret/am_derive/derivation.html Hope that helps. Ian Gan wrote: > > Hi List, I'm trying to create a php finance form where the user can input > fields like principal, rate of interest, number of years, etc. and display a > html table like below: > > At 10% Principal Increase p/a > At 15% Interest p/a > > Year Yearly Principal End of Year Value (USD) > 2001 $1,800.00 $2,070.00 > 2002 $1,980.00 $4,657.50 > 2003 $2,178.00 $7,860.83 > 2004 $2,395.80 $11,795.12 > 2005 $2,635.38 $16,595.07 > 2006 $2,898.92 $22,418.09 > 2007 $3,188.81 $29,447.94 > 2008 $3,507.69 $37,898.97 > 2009 $3,858.46 $48,021.04 > 2010 $4,244.31 $60,105.15 > > I've been scratching my head over the formulas - the curse of sleeping in > math classes =) Any tutorials on creating finance stuff like this? Thanks, > ian > > -- > PHP General Mailing List (http://www.php.net/) > To unsubscribe, e-mail: php-general-unsubscribe@lists.php.net > For additional commands, e-mail: php-general-help@lists.php.net > To contact the list administrators, e-mail: php-list-admin@lists.php.net