Posted by Martien van Wanrooij on 12/10/05 22:14

Hi all,

I have been looking in some forums etc. but cannot find what I would like. I
need some financial formulas for a site related to some mortgage issues.
Unfortunately the specifications have been supplied to me be an excel sheet
so it is quite tricky to find out how the formulas that are used have been
made. To give some examples: I would need a formula for the future value of
savings after x years when you have already an amount of money on the bank,
and you decide to add every month a fixed quantity of money to that savings
account. Another is: how much money should you set aside every month to
reach amount x after y years?
I have enough knowledge of basic math functions in php, unfortunately not
for the way how to use them in this situation so even a page with the
formulas themselves, without their translations to php, will be welcome :)

Martien.

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