Computes Equation (18.10).
Usage
APV_NR_db(PABz, v_to_ret, p_surv, adue_ret)
Arguments
- PABz
Projected annual benefit at retirement.
- v_to_ret
Discount factor from current age to retirement.
- p_surv
Active-service survival probability to retirement.
- adue_ret
Retirement annuity factor.
Value
Actuarial present value of the normal retirement benefit.
Examples
APV_NR_db(PABz = 108008.66, v_to_ret = 1 / 1.06^30, p_surv = 0.8, adue_ret = 12)
#> [1] 180531.9