No problem. 

..:.:.:.:.:.:.:.:.:.:.:.:.
Bobby Hartsfield
http://acoderslife.com

 
-----Original Message-----
From: Rick Faircloth [mailto:[EMAIL PROTECTED] 
Sent: Wednesday, July 05, 2006 2:03 PM
To: CF-Talk
Subject: RE: Mortgage Formula

Looks like this one is a winner...

I put the formula in Excel and ran it and then compared the
result to an online mortgage calculator and the results were
the same...

Thanks, everyone!

Rick


-----Original Message-----
From: Rick Faircloth [mailto:[EMAIL PROTECTED] 
Sent: Wednesday, July 05, 2006 1:40 PM
To: CF-Talk
Subject: RE: Mortgage Formula

Is there a consensus on this one?

M = P * ( J / (1 - (1 + J) ^ -N))


Rick

-----Original Message-----
From: Bobby Hartsfield [mailto:[EMAIL PROTECTED]
Sent: Wednesday, July 05, 2006 12:13 PM
To: CF-Talk
Subject: RE: Mortgage Formula

M = P * ( J / (1 - (1 + J) ^ -N)) maybe?

.....:.:.:.:.:.:.:.:.:.:.:.:.
Bobby Hartsfield
http://acoderslife.com

 

 


-----Original Message-----
From: Andy Matthews [mailto:[EMAIL PROTECTED]
Sent: Wednesday, July 05, 2006 12:09 PM
To: CF-Talk
Subject: RE: Mortgage Formula

Might this be it?
M = P * ( J / (1 - (1 + J) * (-N * -N)))

I'm not all that great at math so that's probably not right...just a guess.

<!----------------//------
andy matthews
web developer
certified advanced coldfusion programmer ICGLink, Inc.
[EMAIL PROTECTED]
615.370.1530 x737
--------------//--------->

-----Original Message-----
From: Rick Faircloth [mailto:[EMAIL PROTECTED]
Sent: Wednesday, July 05, 2006 10:56 AM
To: CF-Talk
Subject: Mortgage Formula


Can anyone help write this in CF?

It's a mortgage calculation formula and I want to build a CF-based
calculator.

Here's the formula I found:

M = P * ( J / (1 - (1 + J) ** -N))

M is Mortgage Payment
P is  Principal
J is monthly interest in decimal form = I / (12 x 100) N is the number of
months of the loan

I'm not sure how to handle the ** -N part.the exponent.

How would this be written using CF?

Thanks for anyone's help.

Rick













~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~|
Message: http://www.houseoffusion.com/lists.cfm/link=i:4:245433
Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/4
Subscription: http://www.houseoffusion.com/lists.cfm/link=s:4
Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.4
Donations & Support: http://www.houseoffusion.com/tiny.cfm/54

Reply via email to