# Perl Program - Mortgage Calculator

Write a mortgage calculator PERL(.cgi) program that asks the user for the following information:

1. Loan amount

2. Number of years

3. Percent per year compound interest

Use the following formula to determine the total amount of each payment:

n = months * 12

r = percent per year compound interest

L = loan amount

P = Lr(1+r/1200)^n/[1200{(1+r/1200)^n - 1}]

The program must include a...

1. An array

2. A print function

3. One conditional component

4. One subroutine

Example:

If the loan was $20,000 over 15 years at 12 percent the repayment would be $240.08

https://brainmass.com/computer-science/perl/149200

#### Solution Preview

Dear Student,

Attached is the perl file. It has all the things that the implementation asked for.

The formula seems to be incorrect. With the formula that you have given in the question, I was not getting the right mortage value. May be if you give me the right formula with ...

#### Solution Summary

Write a mortgage calculator PERL(.cgi) program that asks the user for the following information:

1. Loan amount

2. Number of years

3. Percent per year compound interest

Use the following formula to determine the total amount of each payment:

n = months * 12

r = percent per year compound interest

L = loan amount

P = Lr(1+r/1200)^n/[1200{(1+r/1200)^n - 1}]

The program must include a...

1. An array

2. A print function

3. One conditional component

4. One subroutine

Example:

If the loan was $20,000 over 15 years at 12 percent the repayment would be $240.08