Example: Interest Payments
The interest due the second year on a $100,000 25 year loan is calculated. The loan is at 8%.
using System;
using Imsl.Finance;
public class ipmtEx1
{
public static void Main(String[] args)
{
double rate = .08;
int per = 2;
int nper = 25;
double pv = 100000.00;
double fv = 0.0;
double ipmt = Finance.Ipmt(rate, per, nper, pv, fv,
Finance.Period.AtEnd);
Console.Out.WriteLine("The interest due the second year on the"
+ " $100,000 loan is " +
ipmt.ToString("C"));
}
}
Output
The interest due the second year on the $100,000 loan is ($7,890.57)
Link to C# source.