Loan Repayments

[ancient pollen]

Anyone have any ideas how to calculate how many months it would take for a loan to be repaid using iteration?

[frigid stratus]

<@&987246399047479336> please have a look, thanks.

[frigid stratus]

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[round shadow]

Can’t you just do the final amount divided by the per month payment?

[lusty wraith]

If you need to use iteration use a loop to either subtract the monthly payment from the total loan until it’s <= 0 or sum monthly payments until it is >= total loan. Either way, depending on the loop you use (while/do while), you may need to use a counter to determine how many iterations you’ve done

If using a for loop you can just use i

@ancient pollen