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Nairaland Forum / Science/Technology / Programming / A Very Simple Loan Calculator In Vb6 Needed (4131 Views)
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A Very Simple Loan Calculator In Vb6 Needed by toluxa1(m): 9:18pm On Aug 16, 2011 |
Greetings my gurus in the house. I want to design a simple loan calculator application using VB 6. Its an assignment in school and I have started going through some tutorials by Sean Greasley to learn as I just know how to do simple calculator application that can add, substract or one CA + EXAM = TOTAL and Grade system (if, then). I am a newbie. Can anyone help me with this please I have have a very little time. Thanks so much guys in anticipation of your prompt and fabourable response |
Re: A Very Simple Loan Calculator In Vb6 Needed by dellnet: 3:00am On Aug 17, 2011 |
what is the formula for calculating the loan? |
Re: A Very Simple Loan Calculator In Vb6 Needed by toluxa1(m): 4:12pm On Aug 17, 2011 |
I think there are basically three or so pieces of information needed: the amount of the loan; the interest rate charged; and the length of time to repay the loan. So the form should have options to input this information. You’ll need the following values of the loan payment calculation: Number of Periodic Payments (n) = Payments per year times number of years Periodic Interest Rate (i) = Annual rate divided by number of payments per Discount Factor (D) = {[(1 + i) ^n] - 1} / [i(1 + i)^n] Sample Loan Payment Calculation Assume you borrow N100,000 at 6% for 30 years to be repaid monthly. What is the monthly payment? n = 360 (30 years times 12 monthly payments per year) i = .005 (6% expressed as .06 divided by 12 payments per year) D = 166.7916 ({[(1+.005)^360] - 1} / [.005(1+.005)^360]) P = A / D = 100,000 / 166.7916 = 599.55 And then it will be computed for each much until the 360th month. Note that your Loan Balance decreases every month. While doing some petty research I came accross something in VB called the pmt function. I think I need this but don't know how to use it. |
Re: A Very Simple Loan Calculator In Vb6 Needed by toluxa1(m): 7:18pm On Aug 17, 2011 |
I think there are basically three or so pieces of information needed: the amount of the loan; the interest rate charged; and the length of time to repay the loan. So the form should have options to input this information. You’ll need the following values of the loan payment calculation: Number of Periodic Payments (n) = Payments per year times number of years Periodic Interest Rate (i) = Annual rate divided by number of payments per Discount Factor (D) = {[(1 + i) ^n] - 1} / [i(1 + i)^n] Sample Loan Payment Calculation Assume you borrow N 100,000 at 6% for 30 years to be repaid monthly. What is the monthly payment? n = 360 (30 years times 12 monthly payments per year) i = .005 (6% expressed as .06 divided by 12 payments per year) D = 166.7916 ({[(1+.005)^360] - 1} / [.005(1+.005)^360]) P = A / D = 100,000 / 166.7916 = 599.55 And then it will be computed for each much until the 360th month. Note that your Loan Balance decreases every month. While doing some petty research I came accross something in VB called the pmt function. I think I need this but don't know how to use it. |
Re: A Very Simple Loan Calculator In Vb6 Needed by toluxa1(m): 11:20am On Aug 19, 2011 |
[url][/url]I got a similar program online but I need someone to help me to edit it. Can anyone check this program out? I want to remove the weekly, and quarterly option under Payment period. Also the Downpayment text box and the pre- dollar sign attacthed to all amounts. Pls change attachment to .zip
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Re: A Very Simple Loan Calculator In Vb6 Needed by toluxa1(m): 1:23am On Aug 22, 2011 |
vb guys |
Re: A Very Simple Loan Calculator In Vb6 Needed by dellnet: 10:02am On Aug 22, 2011 |
If you need help you at least need to put up some code relevant to your project not ask for modification. If you need it from scratch I would advice you to hire someone to do it. |
Re: A Very Simple Loan Calculator In Vb6 Needed by avosoft: 12:34am On Aug 27, 2011 |
hello I can develop the program for you. Check my samples at http://www.avo-soft.com/portfolio.php or call 080370-58_471 or 08053120587 thanks |
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