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Ennis Ray Lynch, Jr. wrote: I have a picture taken of the ground of which I know a few lat/long coords.
if you don't know the location of the camera, or the projection of the image, you will have to do interpolation estimation based on the deltas between your lat/long points.
_________________________
Asu no koto o ieba, tenjo de nezumi ga warau.
Talk about things of tomorrow and the mice in the ceiling laugh. (Japanese Proverb)
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However, interpolation between delta's itself will not work against longitude as the distance between two lines of longitude change based on the latitude. I could break out my trig but I just wanted to know if anyone had a good formula handy.
Need a C# Consultant? I'm available.
Happiness in intelligent people is the rarest thing I know. -- Ernest Hemingway
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Ennis Ray Lynch, Jr. wrote: interpolation between delta's itself will not work against longitude as the distance between two lines of longitude change based on the latitude.
that is why they have map projections. GDAL does the Proj.4 conversions between formats. Generally you go through a cartesian system, like Earth Centered Earth Fixed (ECEF). http://en.wikipedia.org/wiki/Geodetic_system[^]
_________________________
Asu no koto o ieba, tenjo de nezumi ga warau.
Talk about things of tomorrow and the mice in the ceiling laugh. (Japanese Proverb)
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The would require the image to be of a known projects. However, an image with lat/long points should be able to provide enough information to both project and translate itself. Like I said, I will just do the trig myself unless someone has an algorithm.
Need a C# Consultant? I'm available.
Happiness in intelligent people is the rarest thing I know. -- Ernest Hemingway
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Ennis Ray Lynch, Jr. wrote: The would require the image to be of a known projects. However, an image with lat/long points should be able to provide enough information to both project and translate itself. Like I said, I will just do the trig myself unless someone has an algorithm.
Not necessarly... you simply take the existing projection with lat/long and come up wth the perspective information to co-reference the image points to lat/long, you can then use lat-long conversions through known projection types to come up with measurements and other projections.
This is how you do ortho-rectification of an image. Once you establish the co-referencing of lat/long for the image you stretch it to match a geodetically ortho-rectified image. The result is a bilinear interpolated re-projection of the orignal images, but in ortho projection. Most algorithms for orthorectification use about 6 points to get a good "feel" for the referenced information in the original. You can use the same information to provide any set of geodetic inforation since you have essentially created your own projection by definining the curves across the image in lat/long space.
_________________________
Asu no koto o ieba, tenjo de nezumi ga warau.
Talk about things of tomorrow and the mice in the ceiling laugh. (Japanese Proverb)
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That, I think, may help me. Thanks.
Need a C# Consultant? I'm available.
Happiness in intelligent people is the rarest thing I know. -- Ernest Hemingway
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Ennis Ray Lynch, Jr. wrote: That, I think, may help me. Thanks.
then pretty much any curve fit between lat/long to x/y will work. The more points you have to come up with the curve of image xy to lat/long the better. Then you can look up any point map its lat/long with the appropriate interpolated position and come up with its lat/long
_________________________
Asu no koto o ieba, tenjo de nezumi ga warau.
Talk about things of tomorrow and the mice in the ceiling laugh. (Japanese Proverb)
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i have some clue, which i already implemented, iam not sure weather it works for u or not.
1.you have the graticules(longitude and latitudes) of two pixels right?
2.if so, you can caluculate two factors i.e. ppsX (pixels per second along X) and ppsY. i think simple mathematical formulas related to co ordinate geometry has to be implemented.
3.now, based on that, you can caluculate graticule of any pixel.
any more support required? you are welcome.
--------------------------------------------
Suggestion to the members:
Please prefix your main thread subject with [SOLVED] if it is solved.
thanks.
chandu.
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that's only valid on scales small enough that the deviation between real life and a Mercator projection isn't significant.
--
If you view money as inherently evil, I view it as my duty to assist in making you more virtuous.
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I want to figure out the formula in getting the following:
$2500 loan amount
239.9961% APR
12 month term
Bi-weekly payment (26 payment total)
What is the formula for each payment?
What is the formula for the Total Finance Charge?
How can I calculate Bi-weekly equal payments??
We know that each payment will be $251.96 (Equal Payments) But how have they come up with such formula?? And where?
HELP!?!?!?!?!
Victoria
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will (p*t*r)/100 work for you?
or you may have to just fine tune this basic formula.
if you can elaborate your requirement more, then i can explain with better clarity.
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The only formaula that seems to work is one over 364 days.. Here is it:
=PMT(APR/364 x Number of payments x 1 x Amount finaned)x -1 - APR
But shouldn't it be 365 days? 
I did this on excel and that's all I can come up with. Let me know what you think.
Victoria
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Vtoria wrote: HELP!?!?!?!?!
NO KIDDING! Who in the world is charging 240 APR interest??? 
BTW, at 240 APR, $252 won't even make the interest payment, let alone pay it off in a year! 
David
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Hi David,
This is for an installment loan that is VERY high risk. No credit check, or anything like that. But that isn't the issue at stake. The issue is how are they coming up with the formula for equal bi-weekly payments at that APR?. To answer your question, YES, it does pay it off:
monthly principle interest balance
251.96 70.64 181.32 2,429.36
251.96 27.72 224.24 2,401.64
251.96 30.27 221.69 2,371.37
251.96 33.07 218.89 2,338.30
251.96 36.12 215.84 2,302.18
251.96 39.45 212.51 2,262.72
251.96 43.10 208.86 2,219.63
251.96 47.07 204.89 2,172.55
251.96 51.42 200.54 2,121.13
251.96 56.17 195.79 2,064.97
251.96 61.35 190.61 2,003.61
251.96 67.01 184.95 1,936.60
251.96 73.20 178.76 1,863.40
251.96 79.96 172.00 1,783.44
251.96 87.34 164.62 1,696.11
251.96 95.40 156.56 1,600.71
251.96 104.20 147.76 1,496.50
251.96 113.82 138.14 1,382.68
251.96 124.33 127.63 1,258.35
251.96 135.81 116.15 1,122.54
251.96 148.34 103.62 974.20
251.96 162.04 89.92 812.17
251.96 176.99 74.97 635.17
251.96 193.33 58.63 441.84
251.96 211.18 40.78 230.67
251.96 230.67 21.29 0.00
Victoria
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OK, I missed the point about 26 payments. I thought you meant 12 monthly payments.
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Use the same formula I provided earlier, but substitute 2.4/26 (the biweekly rate) into the formula for 'r' and 26 for 'n'.
It gives a different answer than 251.96, but I see that your first principle amount is very high in comparison, indicating that your first payment is being made before the full 2-weeks have expired. This will change your payment amount.
David
ps. is it really legal to charge that much interest where you live? I've heard of such things, but I think it's a disgrace. These kinds of loans are specifically designed to rape the poor.
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Ok.. I'll try it.
Yes, it is legal, in most states. I can see where some people whould call them loan sharks, but I also see their side to it. These are companies that do not do any type of credit check. All they require is a valid drivers license, current paystub, ative checking account and phone bill. Who knows what they have out there. If I was going to lend someone $1000 who had a track history of late payment, I would want $1500 back in 6 months. These types of loans are so risky! Especially because more than half have bad credit. Now, let't say someone needs a loan until their bonus checks comes in in 2 weeks, and they need to make rent, car payment and extra money for food. (We all know that a lot of people live check to check). They take a loan for $1,000; in 2 weeks they pay $1,090.00! So it cost them $90.00 to take out a 2 week loan! NOT BAD. And it kept them from being negaitive in their accounts or get charged NSF fees, etc.. I say short term, it's worrth it. Long term.. NOT AT ALL!
Victoria
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There's been exactly *one* actual study on this sort of lending. With the cooperation of a South African bank they took a group of people who were just under the approval threshold for a loans with average values of ~1000, and 4 monthly payments of ~360 (don't recall if values were in US or local currencies) and granted approval to half of them anyway. They then did a 6mo followup on both groups and found the ones that had been granted the loan were on average better off financially than those that had been denied. I read about it in a recent issue of The Economist, but since I don't save back issues I can't tell you which one it was.
--
If you view money as inherently evil, I view it as my duty to assist in making you more virtuous.
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see http://www.public.asu.edu/~subhro/pup622/localfinance/sld008.htm[^] but substitute the MONTHLY RATE for 'r' in the formula if you are using 'n' as the number of months.
Assuming you actually meant 23.99 APR, (which equates to ~ 2% per month) the formula gives: $236.40. I built a quick spreadsheet to verify that this payment amount will in-fact pay off the debt in 12 months, and it does. This payment number is slightly different than your number, so I'm wondering if your interest is being compounded differently.
David
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Can you forward me that spreadsheet? Is it in Excel?
The APR is in fact 239.9961%.
Victoria
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See your e-mail account you posted with CodeProject. I don't know how to post files.
David
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I don't have anything. But you can send it to vtoriagarcia@aol.com
Thank you!
Victoria
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Vtoria wrote: The APR is in fact 239.9961%
Sorry, but that is just insane...
Only an idiot would go with that.
"Find it your bloody self - immediately!" - Dave Kreskowiak
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The interest is accrued daily on the principle balance; just like a mortgage.
Victoria
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Take a look at this article from the FAQ of Dr. Math:
http://www.mathforum.org/dr.math/faq/faq.interest.html[^]
In an installment loan, a lender loans a borrower a principal amount P, on which the borrower will pay a yearly interest rate of i (as a fraction, e.g. a rate of 6% would correspond to i=0.06) for n years. The borrower pays a fixed amount M to the lender q times per year. At the end of the n years, the last payment by the borrower pays off the loan.
The amount of the fixed payment is determined by:
M = P * i / [ q (1 - [1+( i / q)]^(-n* q) ) ]
M = 2500 * 2.399961 / [26 (1 - [1+(2.399961/26)]^(-1*26) ) ]
674653127756771870877187207 (which, when rounded to 2 dp is $256.61)
The total amount paid by the borrower is Mnq, and the total amount of interest paid is I = Mnq - P:
I = M * n * q - P
I = 256.60 * 1 * 26 - 2500
I = 4171.7754098132167606864280686738 (which, when rounded is $4171.78)
That is a lot of interest!
Jerry
http://www.mathforum.org/dr.math[^]
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