let loanSteps = “”; const currencySymbol = “$”, fixedCurrency = “USD”; function calculateLoan(){ loanSteps=””; const amount=parseFloat(document.getElementById(“loanAmount”).value); const rate=parseFloat(document.getElementById(“interestRate”).value)/100/12; const term=parseInt(document.getElementById(“loanTerm”).value)*12; if(isNaN(amount)||isNaN(rate)||isNaN(term)||amount<=0){ alert("Please enter valid positive values for all fields."); return; } const monthlyPayment = (amount * rate) / (1 – Math.pow(1 + rate, -term)); const totalCost = monthlyPayment * term; document.getElementById("monthlyPayment").value = formatCurrency(monthlyPayment); document.getElementById("totalCost").value = formatCurrency(totalCost); loanSteps += `Inputs:
Loan Amount: ${formatCurrency(amount)}
Interest Rate: ${(rate * 100).toFixed(2)}%
Term: ${term / 12} years

`; loanSteps += `Formulas:
Monthly Payment = Amount × Rate / (1 – (1 + Rate)^-Term)
Total Cost = Monthly Payment × Term

`; loanSteps += `Results:
Monthly Payment: ${formatCurrency(monthlyPayment)}
Total Cost: ${formatCurrency(totalCost)}
`; loanSteps += `Tip: A shorter loan term may have higher monthly payments, but the total cost will be lower.`; if(document.getElementById(“calculationStepsLoan”).style.display===”block”){ document.getElementById(“calculationStepsLoan”).innerHTML = loanSteps; } } function resetLoan(){ document.querySelectorAll(“#calculator input”).forEach(el=>el.value=””); loanSteps=””; document.getElementById(“calculationStepsLoan”).innerHTML=”

Not calculated yet.

“; } function toggleLoanSteps(){ const s=document.getElementById(“calculationStepsLoan”); const a=document.getElementById(“toggleArrowLoan”); if(s.style.display===”none”||s.style.display===””){ s.style.display=”block”;a.style.transform=”rotate(180deg)”; s.innerHTML=loanSteps||”

Not calculated yet.

“; }else{s.style.display=”none”;a.style.transform=”rotate(0deg)”;} } function formatCurrency(n){return currencySymbol+n.toFixed(2)+” “+fixedCurrency;}