Description Usage Arguments Examples
View source: R/MortgageFunctions.R
A standard generic function to compute the monthly payment of a mortgage
1 2 3 4 5 | Mortgage.Monthly.Payment(
orig.bal = numeric(),
note.rate = numeric(),
term.mos = numeric()
)
|
orig.bal |
A numeric value, the original loan amount |
note.rate |
A numeric vlaue, the borrower's note rate |
term.mos |
A numeric value, the original term of the loan in months |
1 | Mortgage.Monthly.Payment(orig.bal = 100000, note.rate = .04, term.mos = 360)
|
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