This program will simulate a repayment mortgage. (Loan)
The initial loan it set up on line 30, the interest rate on line 40, as a fraction. Monthly payments on on line 50, and number of years line 60.
10 PRINT "Mortgage Simulator" 20 PRINT "------------------" 30 loan=100000 40 intrate=0.05 50 payment=800 60 term=15 70 FOR y=1 TO term 101 totcap=0 102 totint=0 103 cappay=0 104 intpay=0 110 FOR month=1 TO 12 130 intpay=(loan*intrate)/12 140 cappay=payment-intpay 145 PRINT "Interest "; 146 PRINT intpay; 147 PRINT " Capital "; 148 PRINT cappay 150 loan=loan-cappay 155 totcap=totcap+cappay 156 totint=totint+intpay 160 NEXT 161 PRINT "Year:"; 162 PRINT y 165 PRINT "Year end interest: "; 170 PRINT totint 175 PRINT "Year end repayment: "; 180 PRINT totcap 190 PRINT "Remaining debt: "; 200 PRINT loan 250 NEXT
