FgivenPcont: Future value given Present value [continuous] (Engineering...

In iemisc: Irucka Embry's Miscellaneous Functions

Future value given Present value [continuous] (Engineering Economics)

Description

Compute F given P with interest compounded continuously

Usage

FgivenPcont(P, n, r)

Arguments

P	numeric vector that contains the present 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 = Pe^{rn}

F

the "future equivalent"

P

the "present equivalent"

r

the "nominal annual interest rate, compounded continuously"

n

the "number of periods (years)"

Value

FgivenPcont numeric vector that contains the future value(s) rounded to 2 decimal places

Author(s)

Irucka Embry

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 169-170.

Examples

library(iemisc)

# Example 4-33 from the Reference text (page 170)
FgivenPcont(10000, 2, 5) # the interest rate is 5%

iemisc documentation built on Sept. 25, 2023, 5:09 p.m.