Make a web app that has input fields for a mortgage loan amount, interest rate, and number of payments, and uses those values to calculate the monthly loan payment.

Use the following formula:

P * r (1 + r)^n P = Principal Loan amount ($) ------------------- r = Monthly Interest Rate (decimal) (1 + r)^n - 1 n = Number of Payments (months)

Demo

Requirements

Have a "Calculate" button, which will show the answer on the page when clicked.
Have it display the answer with no more than 2 decimals.
Be sure to convert the values to floats after you extract them from page input fields.

Hints

Code for displaying a number to 2 decimals

Specify precision within the parenthesis of the toFixed() function

var answer = ... console.log(answer.toFixed(2))

Code for extracting values and converting them to floats

var value = parseFloat( document.getElementById("myInput").value );

Mortgage Payment Calculator Project

Requirements

Hints