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From: simon@castle.ed.ac.uk (Simon Brown)
Newsgroups: alt.sources.wanted
Subject: Re: mortgage program
Message-ID: <7688@castle.ed.ac.uk>
Date: 7 Jan 91 15:11:56 GMT
References: <9101022144.AA13152@hp370b.CFSMO.Honeywell.COM> <1991Jan3.194905.247@ee.rochester.edu> <1991Jan04.112213.5193@chinet.chi.il.us>
Organization: Meiko Ltd.
Lines: 19

In article <1991Jan04.112213.5193@chinet.chi.il.us> laird@chinet.chi.il.us (Laird J. Heal) writes:
>>Does anyone has a source program for mortgage payment calculations?  I like
>>to run it on my IBM PC...please e-mail the program...thanks!
>
>Well, I make a habit of deriving the formula every so often - not on the net
>before, so here goes:
>
>P=principal, n=number of payments, i=interest, x=payment:
>
(etc)
...

But remember not to try this one in Britain, where the interest rate increases
every few months and throws all your calculations down the sewer...

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Simon Brown                                                   simon@meiko.co.uk
Meiko Scientific Ltd.                                         simon@uk.ac.ed
(Edinburgh Office, Edinburgh Parallel Computing Centre)