lifecontingencies (version 0.0.3)

real2Nominal: Function to switch from effective APR to nominal k-periods APR

Description

This functions switchs from nominal to effective APR.

Usage

real2Nominal(interestRate, periods = 1)

Arguments

interestRate

Annual effective interest rate.

periods

Numbers of subperiods.

Value

• A numeric value

Details

Fractional payments have not been implemented yet.

References

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

See Also

nominal2Real

Examples

#an effective percentage rate of 12% corresponds to an nominal APR of
real2Nominal(interestRate=0.12, periods = 12)