mortgage: Mortgage Principal and Interest.
In petersenlab: A Collection of R Functions by the Petersen Lab
mortgage R Documentation
Mortgage Principal and Interest.
Description
Amount of principal and interest payments on a mortgage.
Usage
mortgage(balance, interest, term = 30, n = 12)
Arguments
balance
Initial mortgage balance.
interest
Interest rate.
term
Payoff period (in years).
n
Number of payments per year.
Details
Calculates the amount of principal and interest payments on a mortgage.
Value
Amount of principal and interest payments.
Examples
mortgage(balance = 300000, interest = .05)
mortgage(balance = 300000, interest = .04)
mortgage(balance = 300000, interest = .06)
mortgage(balance = 300000, interest = .05, term = 15)
petersenlab documentation built on April 4, 2025, 12:22 a.m.
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| mortgage | R Documentation |
Mortgage Principal and Interest.
Description
Amount of principal and interest payments on a mortgage.
Usage
mortgage(balance, interest, term = 30, n = 12)
Arguments
balance |
Initial mortgage balance. |
interest |
Interest rate. |
term |
Payoff period (in years). |
n |
Number of payments per year. |
Details
Calculates the amount of principal and interest payments on a mortgage.
Value
Amount of principal and interest payments.
Examples
mortgage(balance = 300000, interest = .05)
mortgage(balance = 300000, interest = .04)
mortgage(balance = 300000, interest = .06)
mortgage(balance = 300000, interest = .05, term = 15)
R Package Documentation
Browse R Packages
We want your feedback!
Note that we can't provide technical support on individual packages. You should contact the package authors for that.
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