qfinbox.tvm.loans.loan_payment

qfinbox.tvm.loans.loan_payment(principal: float, annual_rate: float, years: float, payments_per_year: int = 12) → float

Calculate periodic loan payment.

Parameters:

• principal (float) – Loan principal amount.

• annual_rate (float) – Annual interest rate (as decimal).

• years (float) – Loan term in years.

• payments_per_year (int, default 12) – Number of payments per year.

Returns:

Periodic payment amount.

Return type:

float

Examples

>>> loan_payment(300000, 0.05, 30)
1610.46