Loan Calculator with Extra Payments

This code shows how to calculate loan payments and amortized payments over a fixed amount of time. It allows the user to include an additional payment, either as a fixed amount of extra principal, or as a fixed payment over the P+I)
It is based on an old VB 3.0 example, but improved to include the extra payment capability. It also calculates how much money is saved with the extra payment included.

Original Author: Kevin

Assumptions

I also have an Excel spreadsheet which performs the same calculations, but lets you include a different amount of extra payment each month.

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Posted: 2002-06-01
By: ArchiveBot
Viewed: 200 times

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