finance 0.1.0 → 0.1.1
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- data/README +15 -16
- metadata +3 -3
data/README
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@@ -2,40 +2,40 @@ _finance_ - a library for financial calculations in Ruby.
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= INSTALL
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$ sudo gem install finance
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= OVERVIEW
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== GETTING STARTED
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>> require 'finance'
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== AMORTIZATION
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You are interested in borrowing $250,000 under a 30 year, fixed-rate loan with a 4.25% APR.
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>> rate = Rate.new(0.0425, :apr, :duration => 30.years)
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>> amortization = 250000.amortize(rate)
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Find the standard monthly payment:
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>> amortization.payment
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=> DecNum('-1229.91')
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Find the total cost of the loan:
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>> amortization.payments.sum
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=> DecNum('-442766.55')
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How much will you pay in interest?
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>> amortization.interest.sum
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=> DecNum('192766.55')
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How much interest in the first six months?
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>> amortization.interest[0,6].sum
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=> DecNum('5294.62')
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= ABOUT
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@@ -57,18 +57,17 @@ Currently implemented features include:
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Planned features include:
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* Adjustable rate mortgage amortization.
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* Payment modifications (i.e., how does paying an additional $75 per
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month affect the amortization?)
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* Payment modifications (i.e., how does paying an additional $75 per month affect the amortization?)
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* Balloon payments.
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* Support for amortization methods other than 30/360.
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= RESOURCES
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This gem and related documentation is available through
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{https://rubygems.org/gems/finance RubyGems}.
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Source code and bug tracking is available via
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{http://github.com/wkranec/finance github}.
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= COPYRIGHT
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metadata
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