Calculate Installment

  • Resolved pablopy

    (@pablopy)


    10 years, 4 months ago

    I must make an estimate of the total price of a product divided 24 installments. In this calculation we must add 5% for administrative expenses and interest at 42% annually.

    $administration = 5%;
    $spot_price = “X”;
    $Total_fees = 24;
    $interest = 42%;

    $spot_price = total_price * $administration/100
    (In this calculation we must add the 42% interest)

    please Help!!

    https://www.ads-software.com/plugins/calculated-fields-form/

Viewing 1 replies (of 1 total)
  • Plugin Author codepeople

    (@codepeople)

    Hi,

    If the total price is fieldname1, and you need add to it the 5% for administration, and then add to it the 42% annually, and finally divided in 24 installments the solution would be similat to:

    (fieldname1+fieldname1*0.05+fieldname1*0.42)/24

    It is the same that:

    fieldname1*1.47/24

    If the annual interes is applied after the administrative expenses, the previous equation might vary drastically.

    If you need additional support, we can offer you our custom formula services. Please, contact us through our support page:

    https://wordpress.dwbooster.com/support

    Best regards.

Viewing 1 replies (of 1 total)
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