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UnitedKingdom Module

APR as in FCA CONC App 1.2.6

Functions and values

Function or value Description

calculateApr startDate principal transfers

Full Usage: calculateApr startDate principal transfers

Parameters:
Returns: Solution

calculates the APR

\[\sum_{k=1}^{m} C_k (1 + X)^{-t_k} = \sum_{l=1}^{m'} D_l (1 + X)^{-s_l}\]

which is equivalent to

\[\sum_{k=1}^{m} \frac{C_k}{(1 + X)^{t_k}} = \sum_{l=1}^{m'} \frac{D_l}{(1 + X)^{s_l}}\]

startDate : Date
principal : int64<MeasureProduct<Cent, MeasureOne>>
transfers : Transfer array
Returns: Solution

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