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https://issues.apache.org/jira/browse/FINERACT-512?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=16138425#comment-16138425
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Lionel Raymundi commented on FINERACT-512:
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I would like to start a discussion on how to implement it. To be able to add it
to the loan's "calculate" post method, the best place i found to do it is in
the "generate" method of AbstractLoanScheduleGenerator, but that's maybe not
the best place. Any feedback is welcome.
A second point to discuss is how to add this in loan's get api.
.- Should it be considered as a differente "association" in this API?
.- Should it be calculated every time the API is called or stored in the
database when the loan is created?
> 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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