Basic Usage of NumPy Financial for Loan Payments and Amortization

#python #numpy #numpy_financial
Learn how to create basic amortization tables with Python in minutes.
NumPy is the base library for nearly all data analysis and data science applications. NumPy Financial has been carved out of the main NumPy distribution and contains many "spreadsheet" like functions focused on time value of money. These functions have remarkable similarities to their Excel counterparts. However, working with a flexible programming language like Python means you will be able to easily create much more complex models than can be easily done in Excel.

[@jeanne-mlb]

Hi there! Interesting video. Thanks! Do you have a video explaining how to use np.irr ?

[@MattMacarty]

Let me see what I can do.

[@billyjamil730]

Thanks ! is Numpy Financial able to deal with deferred payment ?

[@MattMacarty]

Sure you can do this. You can create applications around your loan and customize it in any way you like. The function itself allows you to structure the loan essentially as an annuity due with interest deferred to the end of a period.