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)

Description

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

Usage

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

Arguments

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

Details

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)

Examples

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

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