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

Description Usage Arguments Details Value References Examples

View source: R/AgivenFcont.R

Description

Compute F given A with interest compounded continuously

Usage

1
FgivenAcont(A, n, r)

Arguments

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

Details

F is expressed as

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

F

the "future equivalent"

A

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

r

the "nominal annual interest rate, compounded continuously"

n

the "number of periods (years)"

Value

FgivenAcont numeric vector that contains the future 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

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library(iemisc)
FgivenAcont(2100, 13, 7) # the interest rate is 7%

iemisc documentation built on May 16, 2018, 9:03 a.m.