kaurikk/loan-amount-calculator

This package is abandoned and no longer maintained. No replacement package was suggested.

[Loan amount calculator library]

0.0.3 2017-04-29 10:57 UTC

Requires

• php: >=7.1

Requires (Dev)

• phpunit/phpunit: >=6.0

MIT

• Kauri Kont-Kontson

README

loan-amount-calculator

Library for calculating loan interest, payment amounts. Contains 2 main parts:

• Interest calculator
• Payment amount calculator (supports annuity and equal principal payments)

Basic usage

Interest calculator

// Rate for 30 days
$yearlyInterestRate = 360;
$ratePerPeriod = $yearlyInterestRate / 360 * 30;
// Present value from where interest is calculated
$presentValue = 5000;


$calculator = new InterestAmountCalculator();
$interestAmount = $calculator->getInterestAmount($presentValue, $ratePerPeriod);

echo $interestAmount; // 1500