FgivenAcont | R Documentation |
Compute F given A with interest compounded continuously
FgivenAcont(A, n, r)
A |
numeric vector that contains the annual 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 |
F is expressed as
F = A\left[\frac{e^{rn} - 1}{e^{r} - 1}\right]
the "future equivalent"
the "annual equivalent amount (occurs at the end of each year)"
the "nominal annual interest rate, compounded continuously"
the "number of periods (years)"
FgivenAcont numeric vector that contains the future value(s) rounded to 2 decimal places
Irucka Embry
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.
library(iemisc)
FgivenAcont(2100, 13, 7) # the interest rate is 7%
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