package com.imsl.test.example.finance;

import com.imsl.finance.*;

/**
 * <p>
 * Computes the number of payment periods for a loan.</p>
 * Someone obtains a $20,000 loan at 7.25% to buy a car. They want to make $350
 * a month payments. Here, the number of payments necessary to pay off the loan
 * is computed.
 *
 *
 * @see <a href="FinanceNperEx1.java">Code</a>
 * @see <a href="doc-files/FinanceNperEx1.out">Output</a>
 */

public class FinanceNperEx1 {

    public static void main(String args[]) {
        double rate = 0.0725 / 12;
        double pmt = -350.;
        double pv = 20000;
        double fv = 0.;
        int when = Finance.AT_BEGINNING_OF_PERIOD;
        double nperiods;

        nperiods = Finance.nper(rate, pmt, pv, fv, when);

        System.out.println("Number of payment periods = " + nperiods);
    }
}