Category : C Source Code
Archive   : C-AIDS-3.ZIP
Filename : AMORTIZ2.C

/*
** determine payment if balance and rate and term is known


*amount = starting balance
*balance = remaining balance
*rate = interest rate per period
*rate1 = interest rate per year
*payment = monthly payment
*principal = payment to principle
*interest = payment of interest per period
*number = number of payments

* payment=Balance/((1-(1+rate)^-Number)/rate)
*/

float amount; /* declare external veriables */
float rate;
float payment;
float rate1;

#include "math.h" /* include declaration for pow() */
pymt()
{
float number;

printf("How many payments ? ");
scanf("%f",&number);


payment = amount / ((1 - pow((1. + rate),-number))/rate);


}