lifecontingencies (version 1.3.12)

intensity2Interest: Functions to switch from interest to intensity and vice versa.

Description

There functions switch from interest to intensity and vice - versa.

Usage

intensity2Interest(intensity)
interest2Intensity(i)

Value

A numeric value.

Arguments

intensity

Intensity rate

i

interest rate

Author

Giorgio A. Spedicato

Details

Simple financial mathematics formulas are applied.

References

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

See Also

real2Nominal, nominal2Real

Examples

# 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)