Lionel Raymundi created FINERACT-512:
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Summary: IRR Calculation
Key: FINERACT-512
URL: https://issues.apache.org/jira/browse/FINERACT-512
Project: Apache Fineract
Issue Type: Improvement
Reporter: Lionel Raymundi
Assignee: Markus Geiss
To be able to compare different loan offers (or generally investment options)
it is useful to find the Internal Rate of Return [1], which considers all costs
of the loan.
To calculate this in the most flexible way, the periods taken on the formula
should be days, so the IRR calculation would be in a daily-basis. Usually to
compare offers, this should be transformed in anual or monthly basis, but that
is out of this scope.
This info should be added at least in Loan's GET API and in Loan's calculate
POST response (to be able to compare loans before creating them).
[1] http://www.investopedia.com/terms/i/irr.asp
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