BDO Car Loan Calculator
1 Year
2 Years
3 Years
4 Years
5 Years
Your Estimated Monthly Payment
function calculateBDOLoan() {
let carPrice = parseFloat(document.getElementById(“carPrice”).value);
let downPayment = parseFloat(document.getElementById(“downPayment”).value);
let loanTerm = parseInt(document.getElementById(“loanTerm”).value);
let interestRate = parseFloat(document.getElementById(“interestRate”).value);
if (isNaN(carPrice) || isNaN(downPayment) || isNaN(loanTerm) || isNaN(interestRate)) {
alert(“Please fill all fields with valid numbers.”);
return;
}
let loanAmount = carPrice – downPayment;
let monthlyRate = interestRate / 100 / 12;
let totalMonths = loanTerm * 12;
let monthlyPayment = (loanAmount * monthlyRate) / (1 – Math.pow(1 + monthlyRate, -totalMonths));
let formattedPayment = monthlyPayment.toFixed(2);
document.getElementById(“paymentAmount”).innerText = “$” + formattedPayment;
document.getElementById(“monthlyPayment”).style.display = “block”;
}
