compound_interest: Calculate final principal given a rate of return

In southwick-associates/lifetime: Provide functions for lifetime pricing

Description

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

Usage

compound_interest(p0, r, t, n = NULL)

Arguments

p0	original principal
r	rate of return over some period (e.g., year)
t	time the interest is applied (same units as r). Can be a scalar or a vector
n	compounding frequency. If NULL, will use continuous compounding

See Also

Other estimating revenue: present_value_stream, wsfr_lifetime_yrs, wsfr

Examples

# a wikipedia example
compound_interest(p0 = 1500, r = 0.043, t = 6, n = 4)
compound_interest(1500, 0.043, 6) # continuous
compound_interest(1500, 0.043, 0:6) # over time

southwick-associates/lifetime documentation built on Feb. 24, 2020, 9:33 a.m.