[−][src]Function finance_solution::convert_rate::convert_apr_to_epr_solution

pub fn convert_apr_to_epr_solution(
    apr: f64, 
    compounding_periods_in_year: u32
) -> ConvertRateSolution

Convert APR (annual rate) to periodic rate. Returns a custom solution type.

Related Functions:

  • apr macro to convert APR to all forms of rate conversion, and return a custom type with additional functionality and extra information available in the dbg!().
  • convert_apr_to_epr to convert APR to EPR and return a single f64 value instead of a solution struct.

The formula:

Arguments

  • rate - The input rate, expressed as a floating point number. For instance 0.05 would mean 5%. Often appears as r or i in formulas.
  • compounding_periods_in_year - The number of compounding periods in a year. Often appears as n or t.

Panics

  • compounding_periods_in_year - must be a u32 value greater than 0.

Example

Convert annual rate to periodic rate.

use finance_solution::*;
// The annual percentage rate is 3.4%.
// There are 12 compounding periods per year.
let nominal_rate = 0.034;
let periods = 12;

let apr_to_epr_solution = convert_apr_to_epr_solution(nominal_rate, periods);
 
// Confirm that the periodic rate is correct to six decimal places.
assert_approx_equal!(0.00283333, apr_to_epr_solution.epr());