Description Usage Arguments Details Value Examples
Returns the cost of the embedded floor option, calculated by taking the difference in the payment with the option vs without the option.
1 2 | floorOption(accountValueNF.out, accountValueWF.out, oneyear = term1,
tenyear = term10)
|
accountValueNF.out |
output of accountValueNF() |
accountValueWF.out |
output of accountValueWF() |
oneyear |
1 year treasury bond yields. By default, deterministic scenario output is used. |
tenyear |
10 year treasury bond yields. By default, deterministic scenario output is used. |
The option is a floor on the minimum return, so it increases the value of the benefit for the employee.
The cost of the embedded option
1 2 3 4 | surviveInfo.out <- surviveInfo(demoInfo[5,]);
accountValueNF.out <- accountValueNF(demoInfo[5,], surviveInfo.out);
accountValueWF.out <- accountValueWF(demoInfo[5,], surviveInfo.out);
floorOption.cost <- floorOption(accountValueNF.out, accountValueWF.out)
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