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True if the amortization matrix was created, False otherwise. To find out the error details, use ErrorInfo associated with the errMessage constant.
Name of amortization matrix. This matrix is automatically created when calculating the amortization. This matrix contains 5 columns. Each column corresponds to a specific information:Column 1YearColumn 2Balance to repayColumn 3BenefitColumn 4AmortizationColumn 5Yearly payment
Indicates the type of amortization:finInFine"In Fine" repayment: During the entire loan duration, the borrower only pays the interests, the principal being paid the last year of the loan.finConstantRedemptionConstant amortization: Each year, the value of the amortization is fixed; the other parameters are calculated accordingly.finConstantAnnualPaymentConstant yearly payment: Each year, the borrower pays the same amount to the lender, including principal and interests.
Total capital borrowed (0 by default).
Interest rate of the loan, expressed in percentage (1 by default). For example, for a 5% rate, this parameter will be set to 5.
Duration of the loan, expressed in years (1 by default).
Last update: 10/31/2019
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All you have to do is configure your product as follows: