PHP Coder Needed for Financial Calculator

Just a meeting place for professional offers & requests
Forum rules
Disclaimer: this section of the forum is just a meeting place for professional offers & requests. We do not and cannot insure the liability of the proposal made publicly in the forum or privately after contact has been made in the forum. Therefore, please take up the offers made here at your own risk.

PHP Coder Needed for Financial Calculator

Postby ebonyt » Fri Mar 11, 2011 1:20 pm

- Urgent - Need PHP code drafted from the following instructions (below): - Can also refer to: http://www.vertex42.com/Calculators/deb ... lator.html

Simple Example
An example of the debt-snowball method in action is shown below.
(This example does not add in the accruing monthly interest of the credit cards and loans making the balance amounts higher and payoff time longer.)
A person has the following amounts of debt and additional funds available to pay debt (the debt is listed with the smallest balance first, as recommended by the method):
• Credit Card A - $250 balance - $25/month minimum
• Credit Card B - $500 balance - $26/month minimum
• Car Payment - $2500 balance - $150/month minimum
• Loan - $5000 balance - $200/month minimum
• The person has an additional $100/month which can be devoted to repayment of debt.
Under the debt-snowball method, payments for the first two months would be made to debtors as follows:
• Credit Card A - $125 ($25/month minimum + $100 additional available)
• Credit Card B - $26/month minimum
• Car Payment - $150/month minimum
• Loan - $200/month minimum
After two months (presuming the person has not added to the balances, which would defeat the purpose of debt reduction), Credit Card A would have been paid in full, and the remaining balances as follows:
• Credit Card B - $448
• Car Payment - $2200
• Loan - $4600
The person would then take the $125 previously used to pay off Credit Card A and apply it as additional payment to the Credit Card B balance, which would make payments for the next three months as follows:
• Credit Card B - $151 ($26/month minimum + $125 additional available)
• Car Payment - $150/month minimum
• Loan - $200/month minimum
After three months Credit Card B would be paid in full (the final payment would be $146), and the remaining balances would be as follows:
• Car Payment - $1750
• Loan - $4000
The person would then take the $151 previously used to pay off Credit Card B and apply it as additional payment to the car loan balance, which would make payments as follows:
• Car Payment - $301 ($150/month minimum + $151 additional available)
• Loan - $200/month minimum
It would take six months to pay the car loan (the final payment being $240), whereupon the person would then make payments of $501/month toward the loan (which would have a $2800 balance) for six months (with the last payment at $234).
Thus in 17 months the person has repaid four loans, with two of them being paid in a mere five months and three within one year.
-----------------------------------------------------------------------------------------------------------------------------------------

Any takers?
OpenOffice 3.1 on Windows Vista
ebonyt
 
Posts: 1
Joined: Tue Mar 08, 2011 7:30 pm

Re: PHP Coder Needed for Financial Calculator

Postby karlisfoundhere » Wed Mar 16, 2011 11:18 am

Hi,

I have read your requirements and I am interested in discussing this more with you and building a proposal. Please add me on skype: karlisfoundhere to discuss further or contact me via my site: www.KarlDennis.com.

What kind of budget were you looking at for this, and when is your required deadline of completion.

Looking forward to hearing from you soon,

Karl Dennis
KDadmin@KarlDennis.com
OpenOffice 3.1
karlisfoundhere
 
Posts: 1
Joined: Wed Mar 16, 2011 11:02 am


Return to Paid support

Who is online

Users browsing this forum: No registered users and 1 guest