Calculate APR and APY for a loan

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APR calculation parameters

• loan_amount
  integer
  required
  The loan principal amount in cents

• interest_is_amortized
  boolean
  Defaults to false
  Whether the interest is amortized. If set to False, interest is based on the original principal balance and follows a simple interest model.
  true/false

• interest_rate_percent
  number
  required
  The nominal annual interest rate as a percentage (e.g., 5.0 for 5%)

• term_length
  integer
  required
  Number of periods in loan term

• period_interval
  string
  enum
  Defaults to monthly
  The interval at which payments are made (e.g., monthly, biweekly, weekly, daily, annually)
  Allowed: monthly, biweekly, weekly, daily, annually

Response Codes

• 200
  Returns the calculated APR and APY as percentages

• 400
  Your request is invalid.

• 422
  Your request failed validation.

• 500
  A server error has occurred.

Example Request

curl --request POST \
     --url https://contact/%20sales%20to%20enable%20your%20sandbox/core/v1/calculations/apr \
     --header 'accept: application/json' \
     --header 'content-type: application/json' \
     --data '
{
  "interest_is_amortized": false,
  "period_interval": "monthly"
}
'

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