intensity2Interest {lifecontingencies} | R Documentation |
There functions switch from interest to intensity and vice - versa.
intensity2Interest(intensity)
interest2Intensity(i)
intensity |
Intensity rate |
i |
interest rate |
Simple financial mathematics formulas are applied.
A numeric value.
Giorgio A. Spedicato
Broverman, S.A., Mathematics of Investment and Credit (Fourth Edition), 2008, ACTEX Publications.
# a force of interest of 0.02 corresponds to an APR of
intensity2Interest(intensity=0.02)
#an interest rate equal to 0.02 corresponds to a force of interest of of
interest2Intensity(i=0.02)