mortgage {petersenlab} | R Documentation |
Mortgage Principal and Interest.
Description
Amount of principal and interest payments on a mortgage.
Usage
mortgage(balance, interest, term = 30, n = 12)
Arguments
balance |
Initial mortgage balance. |
interest |
Interest rate. |
term |
Payoff period (in years). |
n |
Number of payments per year. |
Details
Calculates the amount of principal and interest payments on a mortgage.
Value
Amount of principal and interest payments.
Examples
mortgage(balance = 300000, interest = .05)
mortgage(balance = 300000, interest = .04)
mortgage(balance = 300000, interest = .06)
mortgage(balance = 300000, interest = .05, term = 15)
[Package petersenlab version 1.0.0 Index]