function calculateLoan() {
const loanAmount = parseFloat(document.getElementById(‘loanAmount’).value);
const interestRate = parseFloat(document.getElementById(‘interestRate’).value) / 100;
const loanTerm = parseInt(document.getElementById(‘loanTerm’).value);
if (!loanAmount || !interestRate || !loanTerm) {
alert(‘Please fill in all fields’);
return;
}
const monthlyInterestRate = interestRate / 12;
const numberOfPayments = loanTerm * 12;
const monthlyRepayment = (loanAmount * monthlyInterestRate) / (1 – Math.pow(1 + monthlyInterestRate, -numberOfPayments));
const totalRepayment = monthlyRepayment * numberOfPayments;
document.getElementById(‘monthlyRepayment’).value = monthlyRepayment.toFixed(2);
document.getElementById(‘totalRepayment’).value = totalRepayment.toFixed(2);
}
