formula del interes compuesto del mortgage calculator in javascript

Here's a sample formula for calculating the compound interest of a mortgage in JavaScript:

index.tsx
function calculateCompoundInterest(principal, interestRate, time) {
  var interest = interestRate / 100;
  var compoundedInterest = Math.pow((1 + interest), time);
  var totalAmount = principal * compoundedInterest;
  return totalAmount;
}
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Here, principal is the initial amount of the mortgage, interestRate is the annual interest rate (in percentage), and time is the total number of years for which the mortgage is taken.

The formula uses the Math.pow() function to calculate the compounded interest, which is then multiplied by the principal to get the total amount payable at the end of the mortgage term.

To use this function, you can pass the relevant values as arguments and call the function:

index.tsx
var totalMortgageAmount = calculateCompoundInterest(100000, 5, 10);
console.log(totalMortgageAmount); // Output: 162889.46
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In this example, the principal is $100,000, the interest rate is 5%, and the mortgage term is 10 years. The total amount payable at the end of the mortgage term is $162,889.46.

Note: This is a basic formula for calculating compound interest on mortgages and may not take into account other factors such as fees, taxes, and insurance.