If you have a product page where you want to display the monthly fee when paying the purchase with an account or loan.
Java script function
<script>
function getMonthlyPayment(months, price, statementFee, yearInterestRate) {
return Math.round((((yearInterestRate / 1200) + ((yearInterestRate / 1200) / ((Math.pow(1 + (yearInterestRate / 1200), months)) - 1))) * price * 100) / 100) + statementFee;
}
</script>
Example calculation
Months | |
Price | |
Interest Rate (year) | |
Statementfee | |
Example product page item : Account 12 month