ASP Loan Payment Calculations
by Matthew Alston
Using a For Loop:
1 year loan payments @ 3% annual interest rate = 846.936987584905
2 year loan payments @ 3% annual interest rate = 429.812119795569
3 year loan payments @ 3% annual interest rate = 290.812096306529
4 year loan payments @ 3% annual interest rate = 221.34326989312
5 year loan payments @ 3% annual interest rate = 179.686906640635
6 year loan payments @ 3% annual interest rate = 151.93675819439
7 year loan payments @ 3% annual interest rate = 132.13300065462
Using a Do While Loop:
1 year loan payments @ 3% annual interest rate = 846.936987584905
2 year loan payments @ 3% annual interest rate = 429.812119795569
3 year loan payments @ 3% annual interest rate = 290.812096306529
4 year loan payments @ 3% annual interest rate = 221.34326989312
5 year loan payments @ 3% annual interest rate = 179.686906640635
6 year loan payments @ 3% annual interest rate = 151.93675819439
7 year loan payments @ 3% annual interest rate = 132.13300065462
Using a If Statement:
1 year loan payments @ 3% annual interest rate = 846.936987584905
No 2-year loans offered.
3 year loan payments @ 3% annual interest rate = 290.812096306529
No 4-year loans offered.
5 year loan payments @ 3% annual interest rate = 179.686906640635
No 6-year loans offered.
7 year loan payments @ 3% annual interest rate = 132.13300065462