SimpleLoan

class tmval.growth.SimpleLoan(principal: float, term: float, discount_amt: Optional[float] = None, discount_rate: Optional[float] = None)

A callable growth pattern for a simple loan, which is a lump sum loan to be paid back with a single payment with interest, and possibly no explicit rate given. A common type of informal loan between two people outside the banking system.

You should supply a discount amount, a discount rate, but not both.

Parameters

• principal (float) – the initial investment.

• term (float) – the term of the loan.

• discount_amt (float) – the discount amount, defaults to None.

• discount_rate (float) – the discount_rate, defaults to None.

Returns

a SimpleLoan object when initialized, the value when called.

Return type

SimpleLoan when initialized, float when called.