Perl Program Update
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Please apply the following formula below to the program so it works correctly!
The following formula is used to calculate the fixed monthly payment (P) required to fully amortize a loan of L dollars over a term of n months at a monthly interest rate of c. [If the quoted rate is 6%, for example, c is .06/12 or .005].
P = L[c(1 + c)n]/[(1 + c)n - 1]
I am currently getting the following errors
Number found where operator expected at calc.cgi line 38, near "#P = Lr(1+r/1200"
(Might be a runaway multi-line // string starting on line 15)
(Do you need to predeclare P?)
Unquoted string "n" may clash with future reserved word at mor_calc.cgi line 38.
Unquoted string "r" may clash with future reserved word at mor_calc.cgi line 38.
Unquoted string "n" may clash with future reserved word at mor_calc.cgi line 38.
Scalar found where operator expected at mor_calc.cgi line 39, near "$num_months"
(Missing semicolon on previous line?)
syntax error at mor_calc.cgi line 38, near "P = Lr(1+r/1200"
Missing right curly or square bracket at mor_calc.cgi line 61, at end of line
Execution of calc.cgi aborted due to compilation errors.
Thank you!
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Solution Summary
The following formula is used to calculate the fixed monthly payment (P) required to fully amortize a loan of L dollars over a term of n months at a monthly interest rate of c. [If the quoted rate is 6%, for example, c is .06/12 or .005].
P = L[c(1 + c)n]/[(1 + c)n - 1]
I am currently getting the following errors
Number found where operator expected at calc.cgi line 38, near "#P = Lr(1+r/1200"
(Might be a runaway multi-line // string starting on line 15)
(Do you need to predeclare P?)
Unquoted string "n" may clash with future reserved word at mor_calc.cgi line 38.
Unquoted string "r" may clash with future reserved word at mor_calc.cgi line 38.
Unquoted string "n" may clash with future reserved word at mor_calc.cgi line 38.
Scalar found where operator expected at mor_calc.cgi line 39, near "$num_months"
(Missing semicolon on previous line?)
syntax error at mor_calc.cgi line 38, near "P = Lr(1+r/1200"
Missing right curly or square bracket at mor_calc.cgi line 61, at end of line
Execution of calc.cgi aborted due to compilation errors.
Solution Preview
Dear Student,
I have modified the script and named new_mor_cal.pl to follow the new formula given above. Please follow the following instructions on usage of this program.
usage: perl new_mor_calc.pl -L 20000 -y 15 -i 12
-L amount : Amount of loan.
-y years : Number of years
-i interest : Percent per year interest.
-h ...
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