lifecontingencies (version 0.0.3)

intensity2Interest: Function to conver the force of interest into yearly interest rate.

Description

This function applies a financial mathematics identity.

Usage

intensity2Interest(intensity)

Arguments

intensity

The value of the intensity force to be converted.

Value

• A numeric value

References

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

See Also

annuity, interest2Intensity

Examples

#a force of intestest of 0.02 corresponds to an APR of 
intensity2Interest(intensity=0.02)