Discount Points for Lower Interest Rates
/*--------------------------------------------------------------
SAS Sample Library
Name: loaex01.sas
Description: Example program from SAS/ETS User's Guide,
The LOAN Procedure
Title: Discount Points for Lower Interest Rates
Product: SAS/ETS Software
Keys: fixed rate, adjustable rate, buydown,
and balloon payment loans
PROC: LOAN
Notes:
--------------------------------------------------------------*/
proc loan start=1992:1 nosummaryprint amount=100000 life=360;
fixed rate=8.25 label='8.25% - no discount points';
fixed rate=8 points=1000 label='8% - 1 discount point';
compare at=(48 54 60) all taxrate=33 marr=4;
run;