kaurikk/loan-amount-calculator

[Loan amount calculator library]

, _(*1)

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), _(*2)

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