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brfinance (version 0.8.0)

calc_simple_interest: Simple Interest

Description

Calculates the final value under simple interest.

Usage

calc_simple_interest(pv, rate, n)

Value

Final value with simple interest.

Arguments

pv

Present value.

rate

Interest rate per period (decimal).

n

Number of periods.

Examples

Run this code
calc_simple_interest(pv = 1000, rate = 0.10, n = 2)

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