interest_rate_by_period: "interest_rate_by_period": Converts mortgage annual interest...
In deepankardatta/MortgageCalculator: Functions to help in mortgage analysis

Description Usage Arguments Value Author(s) References Examples

Converts mortgage annual interest rates to periodic rates.

This function calculates mortgage estimates. You should seek professional advice before making financial decisions.

1	interest_rate_by_period(annual_interest_rate, period = 12)

`annual_interest_rate`	The annual interest rate of the mortgage
`period`	Optional and unused variable to change what period the annual interest rate is converted to. May be deprecated.

periodic_interest_rate The interest rate for the period of note

Deepankar Datta <deepankardatta@nhs.net>

Formulas sourced from https://en.wikipedia.org/wiki/Mortgage_calculator

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# interest_rate_by_period( annual_interest_rate )
# interest_rate_by_period( annual_interest_rate , period = 12 )
# monthly_interest_rate <- interest_rate_by_period( annual_interest_rate )

deepankardatta/MortgageCalculator documentation built on May 14, 2019, 6:14 p.m.