Building an interest payment projection forcast

[cnr]

Hi all,

I was wondering if someone might know how to build out a interest projection piece for an app?

For example if I had a loan which had a life of 3 years with 4 payments a year with a 6% interest rate. How would I go about projecting this out so that as the days draw closer and each interest period passes the current date the projections update dynamically to show the next 4 periods.

If anyone has any idea of how to go about this it would be greatly appreciated.

Below is roughly what I am trying to build towards

Many thanks,

Conor

[rubin_boer · Accepted solution]

hi there @cnr 

Please find the following, the scenario is a loan amount, interest based on the term and the total repayment is divided by the term. This is them shown to the user base on date in reference to the payment term.

If this is not your exact requirement you can take some bits from it.

Result

Steps

• Add a collection to hold your data, 

ClearCollect(
    colPayments,
    ForAll(
        Sequence(12), //3 years with 4 payments
        {
            payment: yourPaymentValue,
            month: DateAdd(
                yourStartDatePicker.SelectedDate,
                Value * 4, //you wish to have 4 payments per month
                Months
            )
        }
    )
)

• Add a horizontal gallery and set its Item = colPayments
• Add two labels with Text values
  • lblDate = ThisItem.month
  • lblPayment = ThisItem.payment

The above will give you all the value in your collection.

To make it time relevant filter the collection

• Filter(colPayments, month >= Today())

The above will onlydisplaythe dates which newer than the current date.

Hope this helps

R