capitalR (version 1.3.0)

ear: Effective Annual Rate

Description

Effective Annual Rate

Usage

ear(apr, n, p = 5)

Arguments

apr

Annual Rate (Nominal Interest Rate)

n

Number of compounds in a year

p

Calculates the EAR to the (1/10^p) decimal place

Value

Effective Annual Rate

Examples

# NOT RUN {
ear(apr= 0.05, n = 12)
# }