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Java Code for APR Calculation using Newton Rapson Method
Shailesh Kulkarni
Greenhorn
Joined: Feb 11, 2005
Posts: 11
posted
Feb 16, 2005 02:09:00
0
Hello Everyody,
I want to write
Java
programme by using formula
p=(C+E)r(1+r)N/(1+r)N1
and using Newton rapson method (a(1+a)N/(1+a)N1) (p/c)=0
where N is raise to value.
C=Loan Amount
E=Extra Cost
R=Interest Rate
N=Number of months
This calculator first calculates the monthly payment using C+E and the original interest rate r = R/1200:
The APR (a = A/1200) is then calculated iteratively by solving the following equation using the NewtonRaphson method:
Is there any libriry in java for Newton rapson method. Or any help is same kind of work.
Don't get me started about those stupid
light bulbs
.
subject: Java Code for APR Calculation using Newton Rapson Method
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