Loan calculator application is developed to determine the monthly installment on the acquired loan. Application calculates the monthly installment, monthly interest amount on the loan and principle merged in the monthly installment. Main application contain two sections the input and result section along with a graph between interest amount and principle amount.
User need to provide loan amount, interest rate and percentage of initial down payment and select the loan period from slider bar. Application will calculate the monthly installment, cumulative interest and total amount paid during the loan period and display the result in the result section. Also a complete monthly cash flow figures are calculated and displayed in tabulated form. A graph between interest amount and principle amount is produced for analysis.