Description Usage Arguments Value Author(s) References Examples
Calculates the outstanding mortgage principle after a set amount of months.
This function calculates mortgage estimates. You should seek professional advice before making financial decisions.
1 2 | amount_owed_after_n_months(annual_interest_rate, term, principal,
month_of_interest)
|
annual_interest_rate |
The annual interest rate of the mortgage |
term |
The mortgage term in months |
principal |
The principal of the mortgage |
month_of_interest |
The value of the month that you wish to know the outstanding principle |
outstanding_owed The outstanding principle at the end of the supplied month of interest
Deepankar Datta <deepankardatta@nhs.net>
Formulas sourced from https://en.wikipedia.org/wiki/Mortgage_calculator
1 | # amount_owed_after_n_months( annual_interest_rate , term , principal ,month_of_interest )
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