Actuarial present value of a normal retirement benefit — APV_NR_db • mqriskR

Computes the actuarial present value of a projected annual retirement benefit. Scalar arguments are recycled to a common length.

Usage

APV_NR_db(PABz, v_to_ret, p_surv, adue_ret)

Arguments

PABz: Nonnegative projected annual benefit at retirement.
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

APV_NR_db(
  PABz = 108008.66,
  v_to_ret = 1 / 1.06^30,
  p_surv = 0.8,
  adue_ret = 12
)
#> [1] 180531.9