by Morgan Haueisen (22 Submissions)
Category: Complete Applications
Compatability: Visual Basic 3.0
Difficulty: Intermediate
Date Added: Wed 3rd February 2021
Rating: 
(7 Votes)
This code shows how to calculate loan payments and build an amortization table. It allows the user to include an additional payment, and calculates how much money is saved with the extra payment added. It will show you the total amount you will pay in interest over the life of the loan. The amortization table can be saved, modified, and printed. You can select a range of cells and copy them to the clipboard to be pasted into a different document. You can find what your monthly payment will be entering the loan amount, interest rate, and length of the loan or you can entering the a monthly payment, interest rate, and length of the loan and the application will tell you the total amount you can
borrow. If you don't want to borrow but want to know how much you need to save each month to reach a goal, then this application will help you do that as well. It will even factor in cost of living increases.
*** Update: Replaced the required OCX with custom controls.
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