Quote:

>Anyone know where I can get a routine to amortize loan payments at a fixed

>rate. I will need to know principal and interest for each payment. HELP!!

<snip>

I've written this. Now lets see if I remember how it works...

Start with the general equation for annuities (as used in USA):

PV * ( ( 1 + ( APR / Py ) ) ** PER ) + ( PMT * ( ( ( ( 1 + ( APR / Py

) ) ** PER ) - 1 ) / ( APR / Py ) ) ) + FV = 0

Where:

PV is the present value; amount being borrowed

APR is the annual interest rate

Py is the number of payments per year

PER is the total number of payments

PMT is the periodic payment amount

FV is the future value of the loan after PER periods

I leave the rest as an excercise. If you need more info, it will have

to wait until later, I'm too tired now to program <g>.