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JustTrying2GetBy

Fri Nov 05, 2004 1:09 am


err? looping formula error?

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const interest_rate := 0.115
const payment := 8600
var mortgage : int := 85000
var b : int := 0
var interest, balance : real

put "Year", " " : 10, "Interest", " " : 10, "Balance"

loop
    interest := mortgage * interest_rate
    balance := mortgage + interest - payment
    b := b + 1
    put b, " " : 13, "$ ", interest, " " : 11, "$ ", balance
    exit when b = 15
end loop


too tired to think...something wrong with my formula or sumthing...(the balance is soupposed to increase with every year of payment).  first interest increasement shows up 0........starting mortgage-$85,000 annual intrest rate - 11.5%, payments are $8600/yr.  Intrest is addded before payments are deducted.

how do i fix problem :?:


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Delos

Fri Nov 05, 2004 12:52 pm



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You need to change the value of the mortgage!  It's no use calculating the interest if you're not going to add it to the mortgage.