finance-lib

standards for variables

1. rate is always a value between 0 and 1, never a percentage - conversely a perentage is rate * 100
2. period is always expressed in years

terms

• purchasePrice: kjøpesum
• downPayment: egenkapital
• loanAmount or principal: lånesum
  • principal is avoided since loanAmount is sufficiently correct and is a direct translation
• term or period: nedbetalingstid
  • term is avoided so termingebyr can easily be searched for
• LTVratio (loan to value): belåningsgrad
• collateral: securityValue