[ { "name": "Practice Note worked example 5: 5.8% paid monthly is 5.96% AER", "args": [ 580, 12 ], "expect": 596 }, { "name": "Practice Note worked example 1: interest paid once a year, AER equals the gross rate", "args": [ 600, 1 ], "expect": 600 }, { "name": "paid half-yearly", "args": [ 500, 2 ], "expect": 506 }, { "name": "paid quarterly", "args": [ 500, 4 ], "expect": 509 }, { "name": "paid monthly at 12% is 12.68%", "args": [ 1200, 12 ], "expect": 1268 }, { "name": "paid daily", "args": [ 450, 365 ], "expect": 460 }, { "name": "paid weekly", "args": [ 450, 52 ], "expect": 460 }, { "name": "zero rate", "args": [ 0, 12 ], "expect": 0 }, { "name": "a tiny rate still rounds to a whole basis point", "args": [ 1, 12 ], "expect": 1 }, { "name": "a very high rate", "args": [ 10000, 12 ], "expect": 16130 }, { "name": "4.5% paid monthly is 4.59%, not 4.60%", "args": [ 450, 12 ], "expect": 459 }, { "name": "a negative rate is refused", "args": [ -10, 12 ], "expectError": "grossRateBasisPoints must be between 0 and 100000" }, { "name": "zero payments a year is refused", "args": [ 500, 0 ], "expectError": "paymentsPerYear must be between 1 and 365" }, { "name": "more than daily is refused", "args": [ 500, 366 ], "expectError": "paymentsPerYear must be between 1 and 365" } ]