JPhrases/Finance
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12A. Finance
d0=: %@>:@(] % 100"_) #. |.@[ Present value flows x at y% d1=: >:@(] % 100"_) #. [ Future value of flows x at interest rate y d2=: ([: >: [ % 100"_) ^/ ] Amount of 1 at x% for y periods d3=: 13 : '|: y%-.(>:y) ^/ -x' Annuity coefficient: periods x at rate y d4=: [ d3 [: m5 ] Annuity coefficient: periods x at y % m5=: 0.01&* Rate from percent m6=: 100&* Percent from rate d7=: <: @ ((^%)~ >:) Modal rate from annual rate d8=: stretch=: [ $ ] , ($ ,: @ {:) Stretch y to length x d9=: */\ @ (1&,) @ (stretch >:) Accumulate at y for period x m10=: (% {.) @ (|.@(+/\)@i.@>:) Outstanding balances on rule of 78 m11=: }.%}: Rate of change from amounts m12=: 2&((%~)/\) Rate of change from amounts d13=:4 :'r*+/\y%r=:*/\1,x$~<:#y' Accumulate deposits y at x d14=: [+2: -/\ [: >./\ 0:,[: +/\ - Work done; x=capacity, y=demand
Convert an annual interest rate of 7% to a monthly rate.
]m=: 12 d7 0.07 0.00565415 (1 + m)^12 1.07
Calculate the amount of 1 for 5 periods at rates of 7% for the first two years and 6% thereafter. The function d9 uses d8 to fill out the term with the last given rate.
5 d9 0.07 0.07 0.06 1 1.07 1.1449 1.21359 1.28641 1.36359
Calculate the declining balances for a year for 1 using the rule of 78.
,.m10 12 1 0.846154 0.705128 0.576923 0.461538 0.358974 0.269231 0.192308 0.128205 0.0769231 0.0384615 0.0128205 0 x: m10 12 1 11r13 55r78 15r26 6r13 14r39 7r26 5r26 5r39 1r13 1r26 1r78 0 78 * m10 12 78 66 55 45 36 28 21 15 10 6 3 1 0
Calculate the balances after periodic payments of 100, 100, 200, and 200 are made at rates of 10%, 10%, and 5%.
1.10 1.10 1.05 m13 100 100 200 200 100 210 431 652.55