loan: Loan Payments & Debt Management

In corpmetrics: Tools for Valuation, Financial Metrics and Modeling in Corporate Finance

Loan Payments & Debt Management

Description

Calculate the installments, interest, principal and debt balance for each period of a loan.

Usage

loan(AMOUNT,RATE,PER)

Arguments

AMOUNT	Amount of the loan (Numeric Variable).
RATE	Loan's periodic interest rate (Numeric Variable).
PER	Periods to maturity (Numeric Variable).

Value

A list with 2 data.frames: (1) Summary, presenting the installment and the repayment amount. (2) Amortization Table for all periods of the loan until maturity.

Author(s)

Pavlos Pantatosakis.

R implementation and documentation: Pavlos Pantatosakis [e-mail].

References

Ehrhardt, M. C. and Brigham, E. F. (2011). Corporate finance: A focused approach. South-Western Cengage Learning. p. 156-160 - ISBN: 1439078084

See Also

idm

Examples

##
# Example usage
example <- loan(
  AMOUNT = 100000, # 100.000 currency units loan
  RATE = 0.05, # 5 % periodic interest
  PER = 4 # 4 periods to maturity
)

print(example)

# Another example

example2 <- loan(
  AMOUNT = 1000, # 1.000 currency units loan
  RATE = 0.20, # 20 % periodic interest
  PER = 3 # 3 periods to maturity
)

print(example2$AmortizationTable) # For amortization table
print(example2$AmortizationTable[5]) # Balance for each period

corpmetrics documentation built on Sept. 11, 2024, 9:03 p.m.