Interest Calculation?

  • Resolved kreativito

    (@kreativito)


    6 years, 11 months ago

    I love this Plugin – super stoked about it!

    I would like to create a simple 401k Calculator. I created all the fields, and I also was able to find the formula for the so called: compound computation of interest calculation.

    Formula Screenshot

    it’s explained here:
    https://www.thecalculatorsite.com/articles/finance/compound-interest-formula.php

    However, I can’t figure out how to use the Plugin with this formula. I mean.. I created all the forms to enter the data. But I fail in setting up the equation!

    Anyone who could possible help me with the equation?
    Setting this up correctly with the plugin?

    Thank you so much for any little help!
    I really appreciate it!

    The page I need help with: [log in to see the link]

Viewing 4 replies - 1 through 4 (of 4 total)
  • Plugin Author codepeople

    (@codepeople)

    Hello @kreativito,

    The equation described in the webpage is:

    A = P (1 + r/n) (nt)

    Using the plugin operations, it would be:

    P*POW(1+r/n,n*t)

    So, assuming that:

    P corresponds to the fieldname1 field in your form
    r to the fieldname2 field
    n to the fieldname3 field
    and t to the fieldname4 field

    the equation would be:

    fieldname1*POW(1+fieldname2/fieldname3,fieldname3*fieldname4)

    Now, you should use this equation in your project but with the corresponding fields names.

    I’m sorry, but the support service does not cover the implementation of the users’ projects (forms or formulas). If you need additional help implementing your project, I can offer you a custom coding service from my private website:

    https://cff.dwbooster.com/customization

    Best regards.

    Thread Starter kreativito

    (@kreativito)

    Thank you sooo much – I really do appreciate your help!

    Just one thing I don’t understand:
    What is the POW standing for?

    Thread Starter kreativito

    (@kreativito)

    ohhh.. and I forgot to ask..
    do you think you could do the 401k calculator with your custom coding service?
    do you think you would need one hour to do that?

    That would be cool – please let me know!

    Thank you so much for your help and have a good night!

    Plugin Author codepeople

    (@codepeople)

    Hello @kreativito,

    The “POW” operation is inherited from the Math object of javascript, additional details in the following link:

    https://developer.mozilla.org/en-US/docs/Web/JavaScript/Reference/Global_Objects/Math/pow

    If you need a custom coding service, please, create a ticket in my private website:

    https://cff.dwbooster.com/customization

    Best regards.

Viewing 4 replies - 1 through 4 (of 4 total)
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