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christonog/gist:2430185

Created April 20, 2012 16:38
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mortgage
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gistfile1.rb
puts "I want to pay x amount per month. How much house can I afford?"
each_payment = gets.chomp.to_i
interest_rate = 0.045
interest_rate_per_period = interest_rate/12
number_of_payments = 360
loan_amount = (each_payment/interest_rate_per_period)*(1-(1+interest_rate_per_period)**-number_of_payments)
puts loan_amount
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