Resources

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;