Isn: Function to calculated accumulated increasing annuity future value.
Description
This function evaluates non - stochastic increasing annuities future values.
Usage
Isn(i, n, type = "immediate")
Arguments
i
Interest rate.
n
Terms.
type
Either "due" for annuity due or "immediate" for annuity immediate.
Value
A numeric value
Warning
The function is provided as is, without any guarantee regarding the accuracy of calculation. We disclaim any liability for eventual
losses arising from direct or indirect use of this software.
Details
It calls increasingAnnuity after having capitalized by \(\left( 1 + i \right)^n\)
References
Broverman, S.A., Mathematics of Investment and Credit (Fourth Edition),
2008, ACTEX Publications.