Jim Shapiros Algorithms Page
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Jim Shapiros Algorithms PageDESCRIPTION
I plan to put up a number of interesting algorithms on this site, the first of which is the correct way to do mortgage calculations. There seems to be some confusion on the correct way to calculate the internal rate of return IRR of a series of financial transactions. These days interest is compounded continuously and the IRR should be calculated based on continuous compounding. Here is a Javascript. Implementation of a Newtons method solution for the IRR; and here it is in Python. It is in Python.CONTENT
This web site states the following, "I plan to put up a number of interesting algorithms on this site, the first of which is the correct way to do mortgage calculations." Our analyzers noticed that the web site stated " There seems to be some confusion on the correct way to calculate the internal rate of return IRR of a series of financial transactions." The Website also said " These days interest is compounded continuously and the IRR should be calculated based on continuous compounding. Implementation of a Newtons method solution for the IRR; and here it is in Python."SIMILAR BUSINESSES
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