Creating mathematical formulas in JavaScript

How can the equation be translated into JavaScript?

This is the proposed programming solution, but there seems to be an issue.

var MIR = parseFloat(($('#aprrate').val() / 100) / 12);
var paymentAmount = (MIR * $('#amounttofinance').val())/(1 - Math.pow((1 + MIR), -$('#numberofpayments').val()));
$('#paymentamount').val(paymentAmount);

UPDATE: The payment amount textbox displays NaN.

An alternative attempt:

var MIR = parseFloat((parseFloat($('#aprrate').val()) / 100) / 12);
var paymentAmount = (MIR * parseFloat($('#amounttofinance').val()))/(1 - Math.pow((1 + MIR), -parseInt($('#numberofpayments'),10).val()));
$('#paymentamount').val(paymentAmount);

However, this second code snippet results in a blank output.

Answer №1

It appears that you may have misplaced the .val() at the end of the second line. Would you mind giving this a try :

var interestRate = parseFloat((parseFloat($('#aprrate').val()) / 100) / 12);
var monthlyPayment = (interestRate * parseFloat($('#amounttofinance').val())) / (1 - Math.pow((1 + interestRate), -parseInt($('#numberofpayments').val(), 10)));
$('#paymentamount').val(monthlyPayment);

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