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<html xmlns="http://www.w3.org/1999/xhtml">

<head><script Language='JavaScript'>
//*******************************************
//DO NOT REMOVE THIS COPYWRITE INFO!
//Bi-Weekly or Monthly Loan Calculator
//2003 Daniel C. Peterson ALL RIGHTS RESERVED
//Created: 06/20/2003
//Last Modified: 10/22/2009
//This script may not be copied, edited, distributed or reproduced
//without express written permission from
//Daniel C. Peterson of Web Winder Website Services
//For commercial use rates, contact:
//Dan Peterson:
//Web Winder Website Services
//P.O. Box 11
//Bemidji, MN  56619
//dan@webwinder.com
//http://www.webwinder.com
//Commercial User Licence #:7579-1662-102-1580
//Commercial Licence Date:2013-07-13
//*******************************************



function computeMonthlyPayment(prin, numPmts, intRate) {

var pmtAmt = 0;

if(intRate == 0) {
   pmtAmt = prin / numPmts;
} else {
     intRate = intRate / 100.0 / 12;

   var pow = 1;
   for (var j = 0; j < numPmts; j++)
      pow = pow * (1 + intRate);

   pmtAmt = (prin * pow * intRate) / (pow - 1);

}

return pmtAmt;

}




function computeFixedInterestCost(principal, intRate, pmtAmt) { 

   var i = eval(intRate);
   i /= 100;
   i /= 12;

   var prin = eval(principal);
   var intPort = 0;
   var accumInt = 0;
   var prinPort = 0;
   var pmtCount = 0;
   var testForLast = 0;


   //CYCLES THROUGH EACH PAYMENT OF GIVEN DEBT
   while(prin > 0) {

      testForLast = (prin * (1 + i));

      if(pmtAmt < testForLast) {
         intPort = prin * i;
         accumInt = eval(accumInt) + eval(intPort);
         prinPort = eval(pmtAmt) - eval(intPort);
         prin = eval(prin) - eval(prinPort);
      } else {
      //DETERMINE FINAL PAYMENT AMOUNT
      intPort = prin * i;
      accumInt = eval(accumInt) + eval(intPort);
      prinPort = prin;
      prin = 0;
      }

      pmtCount = eval(pmtCount) + eval(1);

      if(pmtCount > 1000 || accumInt > 1000000000) {
         prin = 0;
      }

   }

return accumInt;

}




function sn(num) {

   num=num.toString();


   var len = num.length;
   var rnum = "";
   var test = "";
   var j = 0;

   var b = num.substring(0,1);
   if(b == "-") {
      rnum = "-";
   }

   for(i = 0; i <= len; i++) {

      b = num.substring(i,i+1);

      if(b == "0" || b == "1" || b == "2" || b == "3" || b == "4" || b == "5" || b == "6" || b == "7" || b == "8" || b == "9" || b == ".") {
         rnum = rnum + "" + b;

      }

   }

   if(rnum == "" || rnum == "-") {
      rnum = 0;
   }

   rnum = Number(rnum);

   return rnum;

}



function fns(num, places, comma, type, show) {

    var sym_1 = "$";
    var sym_2 = ""; 

    var isNeg=0;

    if(num < 0) {
       num=num*-1;
       isNeg=1;
    }

    var myDecFact = 1;
    var myPlaces = 0;
    var myZeros = "";
    while(myPlaces < places) {
       myDecFact = myDecFact * 10;
       myPlaces = Number(myPlaces) + Number(1);
       myZeros = myZeros + "0";
    }
    
	onum=Math.round(num*myDecFact)/myDecFact;
		
	integer=Math.floor(onum);

	if (Math.ceil(onum) == integer) {
		decimal=myZeros;
	} else{
		decimal=Math.round((onum-integer)* myDecFact)
	}
	decimal=decimal.toString();
	if (decimal.length<places) {
        fillZeroes = places - decimal.length;
	   for (z=0;z<fillZeroes;z++) {
        decimal="0"+decimal;
        }
     }

   if(places > 0) {
      decimal = "." + decimal;
   }

   if(comma == 1) {
	integer=integer.toString();
	var tmpnum="";
	var tmpinteger="";
	var y=0;

	for (x=integer.length;x>0;x--) {
		tmpnum=tmpnum+integer.charAt(x-1);
		y=y+1;
		if (y==3 & x>1) {
			tmpnum=tmpnum+",";
			y=0;
		}
	}

	for (x=tmpnum.length;x>0;x--) {
		tmpinteger=tmpinteger+tmpnum.charAt(x-1);
	}


	finNum=tmpinteger+""+decimal;
   } else {
      finNum=integer+""+decimal;
   }

    if(isNeg == 1) {
       if(type == 1 && show == 1) {
          finNum = "-" + sym_1 + "" + finNum + "" + sym_2;
       } else {
          finNum = "-" + finNum;
       }
    } else {
       if(show == 1) {
          if(type == 1) {
             finNum = sym_1 + "" + finNum + "" + sym_2;
          } else
          if(type == 2) {
             finNum = finNum + "%";
          }

       }

    }

	return finNum;
}


function computeForm(form) {

   var prin = sn(document.calc.principal.value);
   var i = sn(document.calc.intRate.value);
   var numPmts = sn(document.calc.months.value);

   if(prin == 0) {
      alert("Please enter the current principal balance owed.");
      document.calc.principal.focus();
   } else 
   if(i == 0) {
      alert("Please enter the annual interest rate percentage.");
      document.calc.intRate.focus();
   } else
   if(numPmts == 0) {
      alert("Please enter the term of the loan in months.");
      document.calc.months.focus();
   } else {

      var Vfrequency = document.calc.frequency.options[document.calc.frequency.selectedIndex].value;

      if(Vfrequency == 12) {

         var pmt = computeMonthlyPayment(prin, numPmts, i);
         document.calc.payment.value = fns(pmt,2,1,1,1);
  
         var Vinterest = computeFixedInterestCost(prin, i, pmt);
         document.calc.interest.value = fns(Vinterest,2,1,1,1);

      } else {
 
         var prin2 = sn(document.calc.principal.value);

         var i2 = sn(document.calc.intRate.value);

         var numPmts1 = sn(document.calc.months.value);

         var pmt1 = computeMonthlyPayment(prin2, numPmts1, i2);
         var pmt2 = pmt1 * 12 / 26;
         document.calc.payment.value = fns(pmt2,2,1,1,1);


         if (i2 >= 1.0) {
            i2 = i2 / 100.0;
         }
         i2 = i2 / 26;


         var count = 0;
         var prin = prin2;
         var intPort = 0;
         var prinPort = 0;
         var accumInt = 0;

         while(prin > 0) {

            if((prin + (prin * i2)) > pmt2) {
               intPort = prin * i2;
               prinPort = pmt2 - intPort;
               prin = prin - prinPort;
               accumInt = accumInt + intPort;
            } else {
               intPort = prin * i2;
               prinPort = prin;
               prin = prin - prinPort;
               accumInt = accumInt + intPort;
            }

            count = count + 1;

         }

         var numPmts2 = count;

         var Vinterest = accumInt;
         document.calc.interest.value = fns(Vinterest,2,1,1,1);

      }

   }
		
}


function clear_results(form) {

   document.calc.payment.value = "";
   document.calc.interest.value = "";

}</script>

<meta content="text/html; charset=unicode" http-equiv="Content-Type" />
<title>Untitled 1</title>
<link href="../css/csstablestyle.css" rel="stylesheet" type="text/css" />
</head>

<body>
<form name="calc" method="post" action="#">

<table>
<tbody>

<caption>Bi-Weekly or Monthly Loan Calculator</caption>
<tr >
<td colspan="2">
This calculator will show you how much your loan payment will be and how much interest you will pay depending on whether you choose a bi-weekly or a monthly repayment plan.
<p>

</p>
</td>
</tr>

<tr>
<td >
Enter the principal balance owed:<br />
<small>(call your lender and ask for the current payoff amount)</small>
</td>
<td align="center">
<input type="text" name="principal" size="15" onKeyUp="clear_results(this.form)" />
</td>
</tr>

<tr >
<td >
Enter the annual interest rate percentage:
</td>
<td align="center" >
<input type="text" name="intRate" size="15" onKeyUp="clear_results(this.form)" />
</td>
</tr>

<tr>
<td >
Enter the length (months) of the loan:
</td>
<td align="center" >
<input type="text" name="months" size="15" onKeyUp="clear_results(this.form)" />
</td>
</tr>

<tr>
<td >
Select your payment preference:
</td>
<td align="center" >
<select name="frequency" size="1" onChange="clear_results(this.form)">
<option value="12">Monthly</option>
<option value="26">Bi-weekly</option>
</select>
</td>
</tr>

<tr>
<td align="center" colspan="2">
<input type="button" value="Compute" onClick="computeForm(this.form)" />
<input type="reset" value="Reset" />
</td>

<tr >
<td >
Here is your payment amount:
</td>
<td align="center" >
<input type="text" name="payment" size="15" />
</td>
</tr>

<tr >
<td>
This is how much interest you will pay:
</td>
<td align="center">
<input type="text" name="interest" size="15" />
</td>
</tr>

</tbody>
</table>
</form>
<p class="calcdisclaimer">THIS FINANCIAL CALCULATOR IS PROVIDED "AS IS" AND ON "AS AVAILABLE" BASIS WITHOUT&nbsp; 
REPRESENTATIONS OR WARRANTIES OF ANY KIND EITHER EXPRESS OR IMPLIED, INCLUDING WITHOUT 
LIMITATION WARRANTIES OF SUITABILITY, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND 
NON-INFRINGEMENT. Newport Federal Bank&nbsp;assumes no duty to you by making this calcuator available and shall not be 
responsible for any errors, omissions or defects in this calculator or the consequences of any decisions or actions taken in reliance upon this 
calculator. Newport Federal Bank shall not be liable under any circumstances for lost profits, lost business, loss of business reputation, or 
any direct, indirect, incidental, special, punitive or consequential damages of any kind, whether foreseeable or not, the result in any way from, or 
relate in any way to, your use, non-use or reliance on this calculator. Your sole and exclusive remedy for any claim related to this calculator is to 
stop using it.</p>

</body>

</html>