loan: Creates an instance of a loan class

In tvm: Time Value of Money Functions

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
maturity	The maturity of the loan, measured in the same units as the periodicity of the rate
amt	The amount loaned
type	The type of loan. Available types are c("bullet","french","german")
grace_int	The number of periods that the loan doesn't pay interest and capitalizes it. Leave in 0 for zero loans
grace_amort	The number of periods that the loan doesn't amortize

Examples

loan(rate = 0.05, maturity = 10, amt = 100, type = "bullet")

tvm documentation built on Aug. 30, 2023, 5:19 p.m.