Compex PHP Compound Interest Calculator: Calculate compound interest on loans
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| Version | License | PHP version | Categories | |||
| compex 1.0 | The PHP License | 5 | PHP 5, Finances |
| Description | Author | |
This package can calculate compound interest on loans. |
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Details
<p align="center">Compund Interest</p>
About
- Get the values of the yearly interest rate, the amount to be interested monthly and the tenor.
- Calculate the monthly interest rate in percentage. We have the opening and closing values. The opening value starts at 0.
- Loop, (using a for loop) through the number of months and calculate the interest on both the fixed amount to be invested monthly + opening value. The closing value thus equals the interest on the amount to be invested + interest on the opening value (which is the closing value of the previous day).
As you loop, increment and get the needed values - interest at the said month and total amount invested.
How to Use
- Git clone and composer install
- Run php artisan serve
- Visit /exercise to test code.
| Files (89) |
| File | Role | Description | ||
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| .idea (3 files) |
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| app (1 file, 4 directories) |
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| bootstrap (1 file) |
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| config (13 files) |
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| database (3 directories) |
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| public (4 files, 2 directories) |
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| resources (4 directories) |
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| routes (4 files) |
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| tests (2 files, 2 directories) |
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  .editorconfig |
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| .env.example |
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| .styleci.yml |
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| artisan |
Class | Class source | ||
| composer.json |
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| composer.lock |
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| package.json |
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| phpunit.xml |
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| readme.md |
Doc. | Documentation | ||
| server.php |
Aux. | Auxiliary script | ||
| webpack.mix.js |
Data | Auxiliary data | ||
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