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From "Lionel Raymundi (JIRA)" <j...@apache.org>
Subject [jira] [Created] (FINERACT-512) IRR Calculation
Date Wed, 23 Aug 2017 14:28:00 GMT
Lionel Raymundi created FINERACT-512:
----------------------------------------

             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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