LossCalculate_NZ_CCCFR_Formula1_WithCurrentInterestRate Method

Member of finAccountClose
Calculates and updates Loss based upon the NZ CCCFR Formula 1 and the current equivalent Interest Rate.

Syntax

finAccountClose.LossCalculate_NZ_CCCFR_Formula1_WithCurrentInterestRate(currentInterestRate)

Parameters

NameTypeOptionalByRefDescription
currentInterestRate Double The current annual Interest Rate to use in the Formula as "i". Pass 10% as 10. Note, the Regulations describe "i" as "the annual interest rate currently offered by the creditor on a credit contract of the same type as the original contract, but with a term equal or closest to the unexpired portion of the term of the original contract".

Return Value

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