On Tuesday 19 September 2006 10:25, Jay Blanchard wrote: > [snip] > [snip] > This seems like a somewhat standard calculation for loans and > interest > bearing accounts. Does anyone know how to calculate the > graduation > factor? I've been able to figure out it's based off the loan > term, loan balance, and initial interest rate. > [/snip] > It is called amortization ... > [/snip] > > http://www.hughchou.org/calc/formula.html
Ah, I've already used that to construct my amortization table for the standard repayment type, but this repayment type was a bit different in that the payment changes, and I had to find out the rate of that change. I think what I was looking for was: http://en.wikipedia.org/wiki/Amortization_%28business%29 Thanks for the help -- Ray Hauge Programmer/Systems Administrator American Student Loan Services www.americanstudentloan.com 1.800.575.1099 -- PHP General Mailing List (http://www.php.net/) To unsubscribe, visit: http://www.php.net/unsub.php
