Calculate weighted average life of a fixed-rate mortgage or bond
wal 9.5 360
21.33763311
wal 9.5 180 360
wal IntRate Term (AmTerm) (Freq) (AvgLife)
| Name | Data Type | Input Type | Description | Optional | Default |
|---|---|---|---|---|---|
| IntRate | Numeric | Field, Constant | Interest Rate | No | |
| Term | Numeric | Field, Constant | Stated Term | No | |
| AmTerm | Numeric | Field, Constant | Amortization Terms | Yes | |
| Frequency | Numeric | Field, Constant | Frequency per year | Yes | 12 |
| AvgLife | Numeric | Field, Constant | Average Life in years | Yes |
Type: Numeric