rate: The rate of a loan with constant payments (french type...
In tvm: Time Value of Money Functions

The rate of a loan with constant payments (french type amortization)

1	rate(amt, maturity, pmt, extrema = c(1e-04, 1e+09), tol = 1e-04)

`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

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)

1	rate(amt = 100, maturity = 10, pmt = 15)

[1] 0.08144239

tvm documentation built on April 21, 2021, 9:07 a.m.

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