Traditional Unit Credit accrued liability — AAL_TUC_db • mqriskR

Computes the actuarial present value of the benefit accrued through the valuation date.

Usage

AAL_TUC_db(accrued_benefit, v_to_ret, p_surv, adue_ret)

Arguments

accrued_benefit: Nonnegative accrued benefit.
v_to_ret: Nonnegative discount factor from the valuation date to retirement.
p_surv: Survival or active-service probability to retirement in [0, 1].
adue_ret: Positive retirement annuity-due factor.

Value

A numeric vector.

Examples

AAL_TUC_db(
  accrued_benefit = 12000,
  v_to_ret = 0.5,
  p_surv = 0.9,
  adue_ret = 12
)
#> [1] 64800