AgivenFcont: Annual value given Future value [continuous] (Engineering...

Description Usage Arguments Details Value References Examples

Description

Compute A given F with interest compounded continuously

Usage

1
AgivenFcont(F, n, r)

Arguments

F

numeric vector that contains the future value(s)

n

numeric vector that contains the period value(s)

r

numeric vector that contains the continuously compounded nominal annual interest rate(s) as a percent

Details

A is expressed as

A = F≤ft[\frac{e^{r} - 1}{e^{rn} - 1}\right]

A

the "annual equivalent amount (occurs at the end of each year)"

F

the "future equivalent"

r

the "nominal annual interest rate, compounded continuously"

n

the "number of periods (years)"

Value

AgivenFcont numeric vector that contains the annual value(s) rounded to 2 decimal places

References

William G. Sullivan, Elin M. Wicks, and C. Patrick Koelling, Engineering Economy, Fourteenth Edition, Upper Saddle River, New Jersey: Pearson/Prentice Hall, 2009, page 169.

Examples

1
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library("iemisc")
AgivenFcont(300, 2, 11) # 11% interest

iemisc documentation built on Aug. 2, 2020, 9:07 a.m.