MODEL:
! A model of a home mortgage(WHATIF.LNG);
! The user is prompted for values for the
payment, years, and interest rate. The
face value of the mortgage (LUMP) is
solved for.;
DATA:
! User is prompted for these:;
PAYMENT = ?; ! Monthly payment;
YEARS = ?; ! No. of years;
YRATE = ?; ! Interest rate;
ENDDATA
! Relate no. of months to no. of years;
MONTHS = YEARS * 12;
! Relate monthly interest rate to yearly rate;
( 1 + MRATE) ^ 12 = 1 + YRATE;
! Relate lump sum to monthly payment, monthly
interest rate, and no. of months;
LUMP = PAYMENT * @FPA( MRATE, MONTHS);
END
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