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Functions

applyRateSimpleMonthly

Const convertInterest

  • Convert interest rates between different compounding periods.

    Parameters

    • rate: Rate

      The rate per year in the original compounding period.

    • fromPeriod: number | CalendarUnit

      The number of periods per year for the original compounding period, or the corresponding CalendarUnit.

    • newPeriod: number | CalendarUnit

      The number of periods per year for the new compounding period, or the corresponding CalendarUnit.

    Returns Rate

    The effective rate per year at the new compounding period.

Const convertInterestPerPeriod

  • Convert interest rates between different compounding periods.

    Parameters

    • rate: Rate

      The rate per year in the original compounding period.

    • fromPeriod: number | CalendarUnit

      The number of periods per year for the original compounding period, or the corresponding CalendarUnit.

    • newPeriod: number | CalendarUnit

      The number of periods per year for the new compounding period, or the corresponding CalendarUnit.

    Returns Rate

    The effective rate per period at the new compounding period.

Const interestCalculator

  • interestCalculator(): undefined

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