iemisc (version 0.5.0)

FgivenAcont: Future value given Annual value [continuous] (Engineering Economics)

Description

Compute F given A with interest compounded continuously

Usage

FgivenAcont(A, n, r)

Arguments

A

numeric vector that contains the annual value(s)

n

numeric vector that contains the period value(s)

r

numeric vector that contains the continuously compounded nominal annual interest rate(s) as a percent

Value

• FgivenAcont numeric vector that contains the future value(s) rounded to 2 decimal places

encoding

UTF-8

Details

F is expressed as

$$F = A\left[\frac{e^{rn} - 1}{e^{r} - 1}\right]$$

[object Object],[object Object],[object Object],[object Object]

References

William G. Sullivan, Elin M. Wicks, and C. Patrick Koelling, Engineering Economy, Fourteenth Edition, Upper Saddle River, New Jersey: Pearson/Prentice Hall, 2009, page 169.

Examples

library(iemisc)
FgivenAcont(2100, 13, 7) # the interest rate is 7\%