CINS-258: Web Applications Programming

Loan Calculator

Please Enter Loan Information

Enter Loan Amount:

Use Numbers Only (No , OR $)

Enter Interest Rate:

Use Numbers Only (No . OR %)

Enter Loan Months:

Use Amount of Months, Not Years!

Assignment Objectives:

• Understand the difference between an operator and an operand
• Understand the difference between a unary, binary and ternary operator
• Understand precedence and associativity
• Understand comparison, logical and conditional operators
• The purpose of this assignment is to use PHP to calculate a fixed monthly payment to fully amortize a loan.
• A PHP expression is used to represent the following formula:
  P = L[c(1+c)]n/[(1+c)n-1]
• The monthly payment is to be formatted to reflect a dollar sign and two decimal points.