Prepayments on a Loan
/*--------------------------------------------------------------
SAS Sample Library
Name: loaex03.sas
Description: Example program from SAS/ETS User's Guide,
The LOAN Procedure
Title: Prepayments on a Loan
Product: SAS/ETS Software
Keys: fixed rate, adjustable rate, buydown,
and balloon payment loans
PROC: LOAN
Notes:
--------------------------------------------------------------*/
proc loan start=1992:12 rate=8.25 amount=240000 life=360;
fixed label='No prepayments';
fixed label='With Prepayments' prepay=500;
compare at=(120) taxrate=33 marr=4 all;
run;