Last data update: 2014.03.03
|
R: The rate of a loan with constant payments (french type...
The rate of a loan with constant payments (french type amortization)
Description
The rate of a loan with constant payments (french type amortization)
Usage
rate(amt, maturity, pmt, extrema = c(1e-04, 1e+09), tol = 1e-04)
Arguments
amt |
The amount of the loan
|
maturity |
The maturity of the loan
|
pmt |
The payments of the loan
|
extrema |
Vector of length 2 that has the minimum and maximum value to search for the rate
|
tol |
The tolerance to use in the root finding algorithm
|
Details
The periodicity of the maturity and the payment must match, and this will be the periodicity of the rate (which is returned as an effective rate)
Examples
rate(amt = 100, maturity = 10, pmt = 15)
Results
|