Car Loan Calculator

The Car Loan Calculator Web site was developed for the book Microsoft Visual Basic 2008 Step by Step, by Michael Halvorson (Microsoft Press, 2008). The Web site is best viewed using Microsoft Internet Explorer version 6.0 and later. To learn more about how this ADO.NET application was created, read Chapter 20 in the book.

Operating Instructions:

Type a loan amount, without dollar sign or commas, into the Loan Amount box.

Type an interest rate in decimal format into the Interest Rate text box. Do not include the "%" sign. For example, to specify a 9% interest rate, type "0.09".

Note that this loan calculator assumes a three year, 36-month payment period.

Click the Calculate button to compute the basic monthly loan payment that does not include taxes or other fees.