Digital Research
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2020-11-06 18:50:37 +01:00
parent 621ed8ccaf
commit 31738079c4
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/******************************************************/
/* This program produces a schedule of loan payments */
/* using the following algorithm: if P = loan payment,*/
/* i = interest, and PMT is the monthly payment then */
/* P = (P + (i*P) - PMT. */
/******************************************************/
loan1:
procedure options(main);
declare
m fixed binary,
y fixed binary,
P fixed decimal(11,2),
PMT fixed decimal(6,2),
i fixed decimal(4,2);
do while('1'b);
put skip list('Principal ');
get list(P);
put list('Interest ');
get list(i);
put list('Payment ');
get list(PMT);
m = 0;
y = 0;
do while (P > 0);
if mod(m,12) = 0 then
do;
y = y + 1;
put skip list('Year',y);
end;
m = m + 1;
put skip list(m,P);
P = P + round( i * P / 1200, 2);
if P < PMT
then PMT = P;
put list(PMT);
P = P - PMT;
end;
end;
end loan1;