continuous_compounding: Continuous comounding

Description Usage Arguments Value Examples

Description

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

@param p0 is the initial amount. @param t is the overall length of time the interest is applied (expressed using the same time units as r, usually years).

Usage

1

Arguments

r

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

Value

The amount after t periods of continuous compounding.

Examples

1
continuous_compounding(1000, 5, 0.045)

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