nominal-real-convertible: Functions to switch from nominal / effective / convertible...

Description Usage Arguments Details Value Note References See Also Examples

Description

Functions to switch from nominal / effective / convertible rates

Usage

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nominal2Real(i, k = 1, type = "interest")

convertible2Effective(i, k = 1, type = "interest")

real2Nominal(i, k = 1, type = "interest")

effective2Convertible(i, k = 1, type = "interest")

Arguments

i

The rate to be converted.

k

The original / target compounting frequency.

type

Either "interest" (default) or "nominal".

Details

effective2Convertible and convertible2Effective wrap the other two functions.

Value

A numeric value.

Note

Convertible rates are synonims of nominal rates

References

Broverman, S.A., Mathematics of Investment and Credit (Fourth Edition), 2008, ACTEX Publications.

See Also

real2Nominal

Examples

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#a nominal rate of 0.12 equates an APR of
nominal2Real(i=0.12, k = 12, "interest")

spedygiorgio/lifecontingencies documentation built on March 21, 2021, 5:36 a.m.