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Subject: FLASH: OT Financial Translations
From: Cheri Harder
Date: Wed, 7 Jun 2000 22:54:21 +0100

Hi, all. Sorry for the Off Topic, but it IS for a Flash movie........sorta
kinda. I am building a financial calculator for a car dealer site and
trying to verify that the answers I get using the client-provided formula
are the same as the on-line financial calculators I have found...BUT his
formula is in Spanish and I'm
not sure how to convert APR to TDM (Tasa Directa Mensual)

Here's the formula he provided
I = TDM en %
T = Plazo en mesas
C = Amt to finance

(T x I x C+C)/T + (0,0027 x C) + (I x C x 0,21)

Now, if I assume that TDM is APR divided by 12, I get much higher payments
than I should. So, I THINK that TDM is not directly related to APR? But I
can't find anything on the internet, because if I search under Tasa Directa
Mensual, I can't read the answers! ja ja ja

Maybe it is a different part of his formula that is incorrect. I actually
thought that the formula was much more complicated than that, and had some
exponentials or something in it (I have a Flash movie that is a perfect
calculator from Daniel Votino's site, but it is difficult to extract the
"formula" from that to use in an ASP calculator, which I have to provide as
an alternative site) and you can tell I'm wonderful at math! NOT!

Any help at all would be greatly appreciated!

~~~~Cheri Harder~~~~~
charderatawsolution [dot] com
Advantage Web Solution
www.awsolution.com



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Replies
  FLASH: OT South American members? was O, Cheri Harder
  RE: FLASH: OT Financial Translations, JGL

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