princ_month: Principal to be paid back at time n

In cumprinc: Functions Centered Around Microsoft Excel Cumprinc Function

Principal to be paid back at time n

Description

Principal to be paid back at time n

Usage

princ_month(s, r, t, n)

Arguments

s	original loan amount
r	interest rate. Divide by 100 if in a percent and again by 12 if yearly
t	loan term in months
n	month to return value for

Value

numeric value of principal paid in given month

Examples

s <- 10000
r <- 5 / 100 / 12
t <- 60
n <- 5
princ_month( s, r, t, n)

cumprinc documentation built on Nov. 30, 2022, 5:08 p.m.