React Bank Loan Calculator

This React application provides a fully functional loan calculator to calculate monthly payments and total interest.

Features:

• Calculate monthly payments based on loan amount, down payment, loan term, and interest rate.
• Display total interest paid over the loan term.
• Update calculations in real-time as input values change.

Getting Started:

1. Clone the repository and install the dependencies:

git clone https://github.com/kaiyumdev/bank-calculation-app
cd bank-calculation-app
npm install or yarn

2. Run the application:

npm start or yarn dev

Usage:

• Enter the following information:

  • Total amount: The total cost of the purchase.
  • Down payment: The amount paid upfront.
  • Loan amount: The amount borrowed.
  • Interest rate: The annual interest rate on the loan.
  • Loan term: The number of years over which the loan will be repaid.

• Click the "Calculate" button to see the monthly payment and total interest paid.

Readme.md File:

React Bank Loan Calculator

Installation:

• Clone the repository.
• Install the dependencies using npm.

Usage:

• Run the application using npm start.
• Enter the loan parameters in the form.
• Click the "Calculate" button to display the monthly payment and total interest.

Features:

• Calculates monthly payments and total interest.
• Real-time updates as input values change.

Contribution Guidelines:

• Fork the repository.
• Create a feature branch.
• Make changes and add tests.
• Submit a pull request.