financial_math 0.5.0 → 0.6.0

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data/Gemfile.lock

@@ -1,7 +1,7 @@
 PATH
   remote: .
   specs:
-    financial_math (0.5.0)
+    financial_math (0.6.0)
 
 GEM
   remote: https://rubygems.org/

data/README.md

@@ -57,6 +57,13 @@ args = { present_value: 100_000.0, interest_rate: 0.05, periods: 3 }
 simple_interest = FinancialMath::SimpleInterest.new(args)
 simple_interest.future_value
 ```
+The interest rate must be in terms of years, if your problem is expressed in terms of days or months, provide the frequency of conversion and the periods in terms of days.
+
+```ruby
+args = { present_value: 1500.0, interest_rate: 0.45, periods: 73, frequency: 360 }
+simple_interest = FinancialMath::SimpleInterest.new(args)
+simple_interest.future_value
+```
 
 ## Development
 
@@ -69,6 +76,10 @@ $ gem install financial_math --dev
 This command will get the development dependencies installed too.
 
 ## Release History
+
+* 0.6.0
+    * ADD: Add `@frequency` to `SimpleInterest` class
+    * CHANGE: Change the `periods_in_days` mehtod to `factor` in `SimpleInterest`
 * 0.5.0
     * ADD: Add `average_growth_rate` and `continous_future_value` public methods to `CompoundInterest` class
 * 0.4.1

data/lib/financial_math/simple_interest.rb

@@ -5,6 +5,8 @@ module FinancialMath
     def initialize(args)
       @present_value = args.fetch(:present_value, 0)
       @periods = args.fetch(:periods, 0)
+      # frequency of conversions
+      @frequency = args.fetch(:frequency, 1.0)
       @interest_rate = args.fetch(:interest_rate, 0)
       @future_value = args.fetch(:future_value, 0)
       @bank_discount_rate = args.fetch(:bank_discount_rate, 0)
@@ -19,45 +21,37 @@ module FinancialMath
     end
 
     def future_value
-      @future_value = (@present_value * (1 + periods * @interest_rate)).round(2)
-    end
-
-    def future_value_in_days
-      @future_value = @present_value * (1 + @interest_rate * periods_in_days)
+      @future_value = @present_value * (1 + @interest_rate * factor)
       @future_value.round(2)
     end
 
     def present_value
-      @present_value = (@future_value / (1 + periods * @interest_rate)).round(2)
-    end
-
-    def present_value_in_days
-      @present_value = @future_value / (1 + @interest_rate * periods_in_days)
+      @present_value = @future_value / (1 + @interest_rate * factor)
       @present_value.round(2)
     end
 
-    def rational_discount_in_days
-      (@present_value * @interest_rate * @periods_in_days).round(2)
+    def rational_discount
+      (@present_value * @interest_rate * factor).round(2)
     end
 
-    def bank_discount_in_days
-      (@future_value * @bank_discount_rate * @periods_in_days).round(2)
+    def bank_discount
+      (@future_value * @bank_discount_rate * factor).round(2)
     end
 
     def interest_rate_given_discount_rate
-      divisor = 1 - @bank_discount_rate * periods_in_days
+      divisor = 1 - @bank_discount_rate * factor
       @interest_rate = (@bank_discount_rate / divisor).round(2)
     end
 
     def discount_rate_given_interest_rate
-      divisor = 1 + @interest_rate * periods_in_days
+      divisor = 1 + @interest_rate * factor
       @bank_discount_rate = (@interest_rate / divisor).round(2)
     end
 
     private
 
-    def periods_in_days
-      periods / 360.0
+    def factor
+      periods / @frequency.to_f
     end
   end
 end

data/lib/financial_math/version.rb

@@ -1,3 +1,3 @@
 module FinancialMath
-  VERSION = '0.5.0'
+  VERSION = '0.6.0'
 end

metadata

@@ -1,14 +1,14 @@
 --- !ruby/object:Gem::Specification
 name: financial_math
 version: !ruby/object:Gem::Version
-  version: 0.5.0
+  version: 0.6.0
 platform: ruby
 authors:
 - Daniel Omar Vergara Pérez
 autorequire: 
 bindir: exe
 cert_chain: []
-date: 2018-10-17 00:00:00.000000000 Z
+date: 2018-10-21 00:00:00.000000000 Z
 dependencies:
 - !ruby/object:Gem::Dependency
   name: bundler