User-defined monthly loan payment function issues
Hello! I am trying to create a very simple user-defined function to calculate monthly payments on a loan, but I am unsure why my function is returning "0". I am sure it must be a silly formatting error, but I would appreciate any help pointing out my mistake! Thank you!
% amort returns monthly payment of a loan given the loan amount, annual interest
% rate, and length of loan
% P=loan amount
% r=annual interest rate (in percent)
% N=length of loan in years
function [M]=amort(P,r,N)
M=P*((r/1200)/(1-(1+(r/1200)))^((-12)*N))Hello! I am trying to create a very simple user-defined function to calculate monthly payments on a loan, but I am unsure why my function is returning "0". I am sure it must be a silly formatting error, but I would appreciate any help pointing out my mistake! Thank you!
% amort returns monthly payment of a loan given the loan amount, annual interest
% rate, and length of loan
% P=loan amount
% r=annual interest rate (in percent)
% N=length of loan in years
function [M]=amort(P,r,N)
M=P*((r/1200)/(1-(1+(r/1200)))^((-12)*N)) Hello! I am trying to create a very simple user-defined function to calculate monthly payments on a loan, but I am unsure why my function is returning "0". I am sure it must be a silly formatting error, but I would appreciate any help pointing out my mistake! Thank you!
% amort returns monthly payment of a loan given the loan amount, annual interest
% rate, and length of loan
% P=loan amount
% r=annual interest rate (in percent)
% N=length of loan in years
function [M]=amort(P,r,N)
M=P*((r/1200)/(1-(1+(r/1200)))^((-12)*N)) user-defined function MATLAB Answers — New Questions