Data loan;
Input Account Amount Rate Months;
Rate=rate/100;
Payment=Amount* Rate/12 *Months;
Format Amount Dollar8. Rate percent10.2;
Datalines;
1092 22000 10.00 60
1731 114000 9.50 360
1289 10000 10.50 36
3144 3500 10.50 12
;
My assignment statement payment gives me wrong results.
I suspect you want
Payment=Amount*Rate/(12*Months);
or
Payment=Amount*Rate/12/Months;
When you say wrong results, you should post
what you get and what you expect.
Obs Account Amount Rate Months Payment123456789
1092 | $22,000 | 10.00% | 60 | 11000.0 |
1731 | $114,000 | 9.50% | 360 | 324900.0 |
1289 | $10,000 | 10.50% | 36 | 3150.0 |
3144 | $3,500 | 10.50% | 12 | 367.5 |
1135 | $8,700 | 10.50% | 24 | 1827.0 |
1994 | $18,500 | 10.00% | 60 | 9250.0 |
2335 | $5,000 | 10.50% | 48 | 2100.0 |
3864 | $87,500 | 9.50% | 360 | 249375.0 |
3891 | $30,000 | 9.75% | 360 | 87750.0 |
Please explain what is wrong in the results.
What do expect the results to be ?
Are you ready for the spotlight? We're accepting content ideas for SAS Innovate 2025 to be held May 6-9 in Orlando, FL. The call is open until September 25. Read more here about why you should contribute and what is in it for you!
Learn how use the CAT functions in SAS to join values from multiple variables into a single value.
Find more tutorials on the SAS Users YouTube channel.