I am working with annuities and have the following methods in my code:
public static double NumPMTsRemaining( double CurBalance, double ContractRate, double Pmt)
{
double rt = PeriodicRate(ContractRate);
return -1 * Math.Log(1 - (CurBalance * (rt) / Pmt)) / Math.Log(1 + (rt));
}
public static double MonthlyPMT(double OrigBalance, double ContractRate, int Term)
{
double rt = PeriodicRate(ContractRate);
if (ContractRate > 0)
return (OrigBalance * rt * Math.Pow(1 + rt, Term)) / (Math.Pow(1 + rt, Term) - 1);
else return OrigBalance / Term;
}
I use the former method to determine if the payment for a loan will insure the loans pays off in its life remaining. I use the latter method to determine if a payment is quoted for a payment period other than monthly and then replace it with a monthly payment if so. Upon reflection I can use the latter method for both tasks.
With that in mind, I was wondering if anyone knew off the top of their head if Math.Pow is faster/more efficient than/relative to Math.Log?
I assume that Math.Pow is the better choice, but would appreciate a bit of input.