emi.html

<script language="JavaScript">
<!--
function showpay() {
 if ((document.calc.loan.value == null || document.calc.loan.value.length == 0) ||
     (document.calc.months.value == null || document.calc.months.value.length == 0)
||
     (document.calc.rate.value == null || document.calc.rate.value.length == 0))
 { document.calc.pay.value = "Incomplete data";
 }
 else
 {
 var princ = document.calc.loan.value;
 var term  = document.calc.months.value;
 var intr   = document.calc.rate.value / 1200;
 document.calc.pay.value = princ * intr / (1 - (Math.pow(1/(1 + intr), term)));
 }

// payment = principle * monthly interest/(1 - (1/(1+MonthlyInterest)*Months))

}

// -->
</script>
<center>
<form name=calc method=POST>
<table width=60% border=0>
<tr><th bgcolor="#aaaaaa" width=50%><font color=blue>Description</font></th>
<th bgcolor="#aaaaaa" width=50%><font color=blue>Your Values</font></th></tr>
<tr><td bgcolor="#eeeee">Loan Amount</td><td bgcolor="#aaeeaa" align=right><input
type=text name=loan
size=10></td></tr>
<tr><td bgcolor="#eeeee">Loan Length in Months</td><td bgcolor="#aaeeaa"
align=right><input type=text
name=months size=10></td></tr>
<tr><td bgcolor="#eeeee">Interest Rate</td><td bgcolor="#aaeeaa" align=right><input
type=text name=rate
size=10></td></tr>
<tr><td bgcolor="#eeeee">Monthly Payment</td><td bgcolor="#eeaaaa"
align=right><em></em> <input
type=text name=pay size=10></td></tr>
<tr><td  bgcolor="#aaeeaa"align=center><input type=button onClick='showpay()'
value=Calculate></td><td bgcolor="#eeeeaa" align=center><input type=reset
value=Reset></td></tr>
</table>
</form>
</body>
</html>