CalculateInterest Method

Member of finAccountCalc
Calculates the Regular Payment based upon the Interest value.

Do not use the guess option unless you know the Rate is within the guess range. If using the guess option always check the total Interest calculated is as expected.

Syntax

finAccountCalc.CalculateInterest(totalInterest, [rateGuessLow], [rateGuessHigh])

Parameters

NameTypeOptionalByRefDescription
totalInterest Decimal The Total Interest to calculate for.
rateGuessLow Double Optional A low guess of the Interest Rate. If omitted, a value of 0 is assumed.
rateGuessHigh Double Optional A high guess of the Interest Rate. If omitted, a value of 0 is assumed.

Return Value

Boolean

A Boolean value indicating success.

Member of:
finAccountCalc
Namespace:
Intersoft.finSupport6
Assembly:
finSupport6, Version=6.0.3
Target Framework:
.NET 9.0