igivenPFn: Interest rate given Future value, Number of periods, and...

Description Usage Arguments Details Value References Examples

Description

Compute i given F, n, and P

Usage

1
igivenPFn(P, F, n)

Arguments

P

numeric vector that contains the present value(s)

F

numeric vector that contains the future value(s)

n

numeric vector that contains the period value(s)

Details

i is expressed as

i = √[n]{\frac{F}{P}} - 1

i

the "effective interest rate per interest period"

F

the "future equivalent"

P

the "present equivalent"

n

the "number of interest periods

Value

i numeric vector that contains the effective interest rate as a percent 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 128-129, 142.

Examples

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library("iemisc")
# Example for equation 4-6 from the Reference text (page 128)
igivenPFn(P = 500, F = 1000, n = 10)

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