accumulation_function: The accumulation function shows what $1 grows to after any...

Description Usage Arguments Value Examples

Description

source: https://en.wikipedia.org/wiki/Compound_interest

Usage

1

Arguments

t

is the overall length of time the interest is applied (expressed using the same time units as r, usually years).

r

is the nominal annual interest rate is the nominal annual interest rate (as percent e.g. 4.5).

n

is the compounding frequency.

Value

An accumulation multiple.

Examples

1
accumulation_function(20, 0.045, 4)

pgstevenson/borrowr documentation built on May 15, 2019, 10:02 p.m.