Support » Plugin: Loan Repayment Calculator and Application Form » Monthly repayment divider

  • Hi, I purchased the Pro version of the plugin so hope you can help.

    I need the repayments displayed in monthly amounts which I have sorted however the calculation seems off.

    The loan period is set to months and the repayment amount should display in months too. what is the repayment divider I should be using? I assumed 1 but no that’s not right either. I worked out to make it 1.4381 but as soon as the term is extended the figures go way off.

    Really need this sorted please as I paid for the pro version. Happy to supply admin details if required.

    thanks

    The page I need help with: [log in to see the link]

Viewing 6 replies - 1 through 6 (of 6 total)
  • Plugin Author aerin

    (@aerin)

    It’s complicated.

    That probably doesn’t help you very much so here’s a bit of an explanation.

    Assuming you are using amortization you need the monthly interest rate. You get this by using a repayment divider to convert APR into monthly interest.

    But you are using months as for the term so the plugin really doesn’t know what to do with the numbers as the formula I use assumes years for the period.

    To get it to work I really need to see the formula you want to use to do the calculations.

    Ok I can provide login details or send screenshot so you can see my setup.
    What’s easier for you?

    the formula is essentially this:

    (Loan amount – in $) divided by (the term – in months) plus (variable interest rate)

    It then needs to display the total amount to be paid back at the chosen interest rate but broken down into a monthly payment instead of the total amount.

    Basically exactly how I have it already but with the correct calculations.

    • This reply was modified 1 year, 10 months ago by edhplatotim.
    Moderator Jan Dembowski

    (@jdembowski)

    Forum Moderator and Brute Squad

    Ok I can provide login details or send screenshot so you can see my setup.
    What’s easier for you?

    No, gosh no. Don’t offer that, the plugin author would get into real trouble if they took you up on that offer.

    There are many ways to get information the author needs and accessing the user’s site is not one of them. That’s going too far.

    • Create and post a link to your phpinfo(); output.
    • Walk through basic troubleshooting steps such and disabling all other plugins, clear your cache and cookies and try again.
    • Provide a step-by-step on how they can reproduce the problem.

    You get the idea.

    Volunteer support is not easy. But these forums need to a safe place for all users, experienced or new. Authors accessing a user’s system that way is a short cut that will get them into real trouble in these forums.

    No problem. However, I’m happy to deal directly with the author if that’s easier given the support isn’t really voluntary as I paid for the Pro version of this plugin and it isn’t doing what it says it should.

    Moderator Jan Dembowski

    (@jdembowski)

    Forum Moderator and Brute Squad

    as I paid for the Pro version of this plugin

    Huh? Oh, yeah. I should read more.

    Hi, I purchased the Pro version of the plugin so hope you can help.

    The author cannot support you here and moderators close these posts with a note like so.

    For pro or commercial product support please contact the author directly on their site. This includes any pre-sales topics as well.

    As the author is aware, commercial products are not supported in these forums. I am sure they will have no problem supporting you there.

    It’s still a bad idea to provide credentials but this topic is being closed.

Viewing 6 replies - 1 through 6 (of 6 total)
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