Loan Amortization Calculator

About

Loan Amortization Calculator computes monthly and yearly loan payments and generates a loan amortization schedule. Input the loan amount, interest rate, and term, select the schedule type to calculate loan payments, and view how the loan is paid over time.

Repository Structure

1. description.txt: This text file explains the concept of loan amortization and loan amortization schedule.
2. favicon.ico: A small icon representing the project in browser tabs and bookmarks.
3. index.html: The main HTML file that provides the application's structure.
4. script.js: This JavaScript file contains the logic for calculating the monthly and yearly payment, generating the loan amortization schedule and dynamically updating the table.
5. style.css: This CSS file styles the main HTML file.

Usage

1. Clone or download this repository on your computer.
2. Open the index.html file in a web browser.
3. Enter the loan amount, annual interest rate, loan term and choose the schedule type.
4. Click the Calculate button to see the monthly or yearly payment and the amortization schedule.

License

This project is open-source and available under the MIT License.