Loan Calculator Tool

 Loan Calculator Tool :

Definitely! Below is an example of a simple loan calculator tool using HTML, CSS and JavaScript. I've included some basic styles for colorful and responsive design. For simplicity, I am not using any external libraries.

Loan Calculator

Loan Amount:

Interest Rate (Annual):

Loan Term (Years):

Features of Loan Calculator Tool:

• Loan Amount Input Field: Allows the user to input the loan amount.
• Annual Interest Rate Input Field: Allows the user to input the annual interest rate.
• Loan Tenure Input Field: Allows the user to input the loan tenure in years.
• Calculate Loan Button: When clicked, the monthly payment amount and total payment amount for the loan is calculated.
• Result Display: Displays the calculated monthly payment amount and total payment amount.

How it Works:

• The user enters the loan amount, annual interest rate and loan tenure in the input fields.
• When the "Calculate Loan" button is clicked, the calculateLoan() function is called.
• Inside the function, inputs are retrieved and converted to appropriate data types (floats or integers).
• Monthly payment is calculated using the amortizing loan formula.
• Total payment is calculated by multiplying the monthly payment by the total number of payments.
• The calculated values are displayed in the results div.