FINANCIA - FREETK.ZIP - LOAN.TK

 
Output of file : LOAN.TK contained in archive : FREETK.ZIP

TK!2
=v
#1
:n

:s
b
:c
*** LOAN CALCULATIONS ***
#2
:n
price
:v
15500
:s
i
:u
$
:d
$
:c
total price
#3
:n
downpay
:v
3500
:s
i
:u
$
:d
$
:c
down payment
#4
:n
loan
:s
b
:u
$
:d
$
:c
loan amount
#5
:n
payment
:v
350
:s
i
:u
$/mo
:d
$/mo
:c
monthly payment
#6
:n
rate
:s
b
:u
df/mo
:d
%/yr
:c
interest rate
:f
.008333333333333333
#7
:n
term
:v
36
:s
i
:u
mo
:d
yr
:c
loan term
=u
#1
:f
yr
:t
mo
:m
12
#2
:f
df/mo
:t
%/yr
:m
1200
=r
#1
:r
price - downpay = loan
#2
:r
payment = loan * (rate / (1 - (1 + rate)^(-term)))
#4
:r
" Note: The simplicity and the utility of this model makes it an ideal
:s
C
#5
:r
" vehicle for explaining the basic concepts of TK design and
:s
C
#6
:r
" operation (see TUTORIAL.TXT in FREETK package).
:s
C
%Tv,f,0,5,0,1,0
%Or,f,5,1,0,1,0