corpmetrics (version 1.0)

loan: Loan Payments & Debt Management

Description

Calculate the installments, interest, principal and debt balance for each period of a loan.

Usage

loan(AMOUNT,RATE,PER)

Value

A list with 2 data.frames: (1) Summary, presenting the installment and the repayment amount. (2) Amortization Table for all periods of the loan until maturity.

Arguments

AMOUNT

Amount of the loan (Numeric Variable).

RATE

Loan's periodic interest rate (Numeric Variable).

PER

Periods to maturity (Numeric Variable).

Author

Pavlos Pantatosakis.

R implementation and documentation: Pavlos Pantatosakis .

References

Ehrhardt, M. C. and Brigham, E. F. (2011). Corporate finance: A focused approach. South-Western Cengage Learning. p. 156-160 - ISBN: 1439078084

See Also

idm

Examples

##
# Example usage
example <- loan(
  AMOUNT = 100000, # 100.000 currency units loan
  RATE = 0.05, # 5 % periodic interest
  PER = 4 # 4 periods to maturity
)

print(example)

# Another example

example2 <- loan(
  AMOUNT = 1000, # 1.000 currency units loan
  RATE = 0.20, # 20 % periodic interest
  PER = 3 # 3 periods to maturity
)

print(example2$AmortizationTable) # For amortization table
print(example2$AmortizationTable[5]) # Balance for each period