Money
Money
Deterministic personal finance — every number computed, nothing invented.
Money
Data sources
- Loan offers you entered your data
- Annuity, APR, compound interest formulas computed
- Static FX reference rates reference data
- Bundled Warsaw listings (median rent/price per m²) reference data
- Live bank product catalogue not connected
- Live FX feed not connected
Method
Monthly payment: annuity formula P·r·(1+r)^n / ((1+r)^n − 1), where P is principal, r the monthly nominal rate and n the number of months, plus any monthly fee.
Effective APR: solved by bisection on the internal rate of return of the real cash-flow schedule (amount received minus setup fee, against every scheduled payment). Tolerance 1e-9 on the monthly rate, max 200 iterations, annualised as (1+monthly)^12 − 1.
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