1 00:00:00,630 --> 00:00:09,840 Let's take a look at what we are going to create for this project is going to be a basic loan calculator 2 00:00:09,900 --> 00:00:16,590 that you can use to calculate your monthly payment either for your mortgage or any type of loan you 3 00:00:16,590 --> 00:00:17,430 have. 4 00:00:17,430 --> 00:00:27,270 So basically you enter in the amounts and for example I want to borrow a loan of 1000 dollars and I 5 00:00:27,270 --> 00:00:30,480 want to repay that over 10 months. 6 00:00:30,660 --> 00:00:33,750 And the interest rate is 10 percent. 7 00:00:33,750 --> 00:00:42,600 So it tells me the amount this is the monthly payment I will pay over 10 months for me to pay off the 8 00:00:42,600 --> 00:00:43,550 loan. 9 00:00:43,620 --> 00:00:47,070 So that's basically what we are going to create. 10 00:00:47,430 --> 00:00:48,210 That's it. 11 00:00:48,210 --> 00:00:49,110 Thanks for watching. 12 00:00:49,290 --> 00:00:49,920 Bye for now.