Overview:
A finance calculator that will tell you the admin fee required to borrow a set amount, how long it will take you to pay it off and the total amount that you will have borrowed.
The Challenge:
Build a finance calculator that accepts: The amount you would like to borrow (£) Your expected salary (£): default £25,000 Monthly repayment percentage: default/minimum 10%
The calculator should tell you the admin fee required to borrow the money, how long it will take you to pay off and the total amount that you will have borrowed.
Requirements:
Borrow amount between £1 and £8000 If borrowing above 80% (£6400) then add £500 to repayment amount If borrowing above 90% (£7200) then add a further £500 to repayment amount Display 5% of total borrowed amount as upfront admin fee