FINERACT-1981: Function Value using simple interest for EMI calculation

2024-05-29 11:24:25 +02:00
parent 2092a9a911
commit adcfc3c8ba
3 changed files with 76 additions and 3 deletions
@@ -0,0 +1,44 @@
+/**
+ * Licensed to the Apache Software Foundation (ASF) under one
+ * or more contributor license agreements. See the NOTICE file
+ * distributed with this work for additional information
+ * regarding copyright ownership. The ASF licenses this file
+ * to you under the Apache License, Version 2.0 (the
+ * "License"); you may not use this file except in compliance
+ * with the License. You may obtain a copy of the License at
+ *
+ * http://www.apache.org/licenses/LICENSE-2.0
+ *
+ * Unless required by applicable law or agreed to in writing,
+ * software distributed under the License is distributed on an
+ * "AS IS" BASIS, WITHOUT WARRANTIES OR CONDITIONS OF ANY
+ * KIND, either express or implied. See the License for the
+ * specific language governing permissions and limitations
+ * under the License.
+ */
+package org.apache.fineract.portfolio.loanproduct.calc.emi;
+
+import java.math.BigDecimal;
+import java.math.MathContext;
+
+public class FnValueFunctions {
+
+    protected FnValueFunctions() {}
+
+    /**
+     * To calculate the function value for each period, we are going to use the next formula:
+     *
+     * fn = 1 + fnValueFrom * rateFactorEnd
+     *
+     * @param previousFnValue
+     *
+     * @param currentRateFactor
+     *
+     * @param mathContext
+     *
+     */
+    public static BigDecimal fnValue(final BigDecimal previousFnValue, final BigDecimal currentRateFactor, final MathContext mc) {
+        return BigDecimal.ONE.add(previousFnValue.multiply(currentRateFactor, mc));
+    }
+
+}
@@ -16,7 +16,7 @@
 * specific language governing permissions and limitations
 * under the License.
 */
-package org.apache.fineract.portfolio.loanproduct.ratefactor;
+package org.apache.fineract.portfolio.loanproduct.calc.ratefactor;

 import java.math.BigDecimal;
 import java.math.MathContext;