nominal2Real | R Documentation |
Functions to switch from nominal / effective / convertible rates
nominal2Real(i, k = 1, type = "interest")
convertible2Effective(i, k = 1, type = "interest")
real2Nominal(i, k = 1, type = "interest")
effective2Convertible(i, k = 1, type = "interest")
i |
The rate to be converted. |
k |
The original / target compounting frequency. |
type |
Either "interest" (default) or "nominal". |
effective2Convertible
and convertible2Effective
wrap the other two functions.
A numeric value.
Convertible rates are synonims of nominal rates
Broverman, S.A., Mathematics of Investment and Credit (Fourth Edition), 2008, ACTEX Publications.
real2Nominal
#a nominal rate of 0.12 equates an APR of
nominal2Real(i=0.12, k = 12, "interest")
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