Car Loan Calculator Germany

function calculateCarLoan() { const loanAmount = parseFloat(document.getElementById(‘loanAmount’).value); const interestRate = parseFloat(document.getElementById(‘interestRate’).value) / 100 / 12; const loanTerm = parseInt(document.getElementById(‘loanTerm’).value) * 12; if (isNaN(loanAmount) || isNaN(interestRate) || isNaN(loanTerm)) { alert(‘Please enter valid values.’); return; } const monthlyPayment = (loanAmount * interestRate) / (1 – Math.pow(1 + interestRate, -loanTerm)); document.getElementById(‘monthlyPayment’).textContent = ‘€’ + monthlyPayment.toFixed(2); }