numpy.pmt(rate, nper, pv, fv, when = ‘end’) : This financial function helps user to compute rate of interest per period.
Parameters :
nper : [scalar or (M, )array] total compounding periods
pmt : [scalar or (M, )array] Payment
fv : [scalar or (M, )array] Future value
pv : [scalar or (M, )array] present value
when : at the beginning (when = {‘begin’, 1}) or the end (when = {‘end’, 0}) of each period. Default is {‘end’, 0}Return : Rate of interest per period.
Equation being solved :
fv + pv*(1+rate)**nper + pmt*(1 + rate*when)/rate*((1 + rate)**nper – 1) == 0
or when rate == 0
fv + pv + pmt * nper == 0
Code:
# Python program explaining # rate() function import numpy as np # nper pmt pv fv Solution = np.rate(6, 10000, 500, 200) print("Solution= rate ", Solution) |
Output:
Solution= rate -2.024705182882783
Attention geek! Strengthen your foundations with the Python Programming Foundation Course and learn the basics.
To begin with, your interview preparations Enhance your Data Structures concepts with the Python DS Course.
