WRAP() - Wrap-around loans

Calculates the wrap-around loan amount

Returns

Double value if successful. If an error occurs, this function returns a zero.

Arguments

Type	Field	Description
double	dWpmt	Wrap-around loan's monthly payment
double	dYld	Annual yield percentage to the lender
long	lPerW	Number monthly payments in wrap-around loan
double	dWbal	Wrap-around loan's balloon payment
double	dUnd	Remaining balance of underlying loan
double	dUpmt	Monthly payment of underlying loan
long	lPerU	Number monthly payments in underlying loan
double	dUbal	Balloon payment of underlying loan

16 bit DLL declarations

PowerBuilder Function declaration

function double WRAP(double dWpmt, double dYld, long lPerW, double dWbal, double dUnd, double dUpmt, long lPerU, double dUbal) library "IFL16.DLL"

Visual Basic Function declaration

Declare Function WRAP lib "IFL16" (ByVal dWpmt As Double, ByVal dYld As Double, ByVal lPerW As Long, ByVal dWbal As Double, dUnd As Double, dUpmt As Double, lPerU As Long, dUbal As Double) As Double

C/C++ Synopsis

#include "function.h"

double WRAP(double dWpmt, double dYld, long lPerW, double dWbal, double dUnd, double dUpmt, long lPerU, double dUbal)

32 bit DLL declarations

PowerBuilder Function declaration

function double WRAP(double dWpmt, double dYld, long lPerW, double dWbal, double dUnd, double dUpmt, long lPerU, double dUbal) library "IFL32.DLL"

Visual Basic Function declaration

Declare Function WRAP lib "IFL32" (ByVal dWpmt As Double, ByVal dYld As Double, ByVal lPerW As Long, ByVal dWbal As Double, dUnd As Double, dUpmt As Double, lPerU As Long, dUbal As Double) As Double

C/C++ Synopsis

#include "function.h"

double WRAP(double dWpmt, double dYld, long lPerW, double dWbal, double dUnd, double dUpmt, long lPerU, double dUbal)

Example:

dWpmt	=	1,681.71
dYld	=	0.1184	(11.84%)
lPerW	=	240
dWbal	=	129,963.35
dUnd	=	125,010
dUpmt	=	1,051.61
lPerU	=	200
dUbal	=	0

Result: $ 200,000.00