Last data update: 2014.03.03
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R: Creates an instance of a loan class
Creates an instance of a loan class
Description
Creates an instance of a loan class
Usage
loan(rate, maturity, amt, type, grace_int = 0, grace_amort = grace_int)
Arguments
rate |
The periodic effective rate of the loan
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maturity |
The maturity of the loan, measured in the same units as the periodicity of the rate
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amt |
The amount loaned
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type |
The type of loan. Available types are c("bullet","french","german")
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grace_int |
The number of periods that the loan doesn't pay interest and capitalizes it. Leave in 0 for zero loans
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grace_amort |
The number of periods that the loan doesn't amortize
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Examples
loan(rate = 0.05, maturity = 10, amt = 100, type = "bullet")
Results
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