R78BAL() - Rule of 78 loan balance

Calculates the loan balance. The balance of a loan is calculated after the interest rebate that you save by paying off the loan early. Know elements are the total length of the loan, period when loan is repaid, the total finance charge if loan was not paid off, and the periodically payment.

Returns

Double value if successful. If an error occurs, this function returns a zero.

Arguments

Type	Field	Description
long	lMonth	Total periods of loan
long	lRepay	Repay period
double	dFinCharge	Total finance charge
double	dPMT	Periodically payment

16 bit DLL declarations

PowerBuilder Function declaration

function double R78BAL(long lMonth, long lRepay, double dFinCharge, double dPMT) library "IFL16.DLL"

Visual Basic Function declaration

Declare Function R78BAL lib "IFL16" (ByVal lMonth As Long, ByVal lRepay As Long, ByVal dFinCharge As Double, ByVal dPMT As Double) As Double

C/C++ Synopsis

#include "function.h"

double R78BAL(long lMonth, long lRepay, double dFinCharge, double dPMT)

32 bit DLL declarations

PowerBuilder Function declaration

function double R78BAL(long lMonth, long lRepay, double dFinCharge, double dPMT) library "IFL32.DLL"

Visual Basic Function declaration

Declare Function R78BAL lib "IFL32" (ByVal lMonth As Long, ByVal lRepay As Long, ByVal dFinCharge As Double, ByVal dPMT As Double) As Double

C/C++ Synopsis

#include "function.h"

double R78BAL(long lMonth, long lRepay, double dFinCharge, double dPMT)

Example:

lMonth	=	48
lRepay	=	35
dFinCharge	=	4080
dPMT	=	262.08

Result: $ 3091.33