Accumulated value of defined contribution plan contributions

Computes the accumulated value at retirement from contributions paid at the beginning of each year and accumulated to retirement.

Usage

AVz_dc(x, z, Sx, c, i, g = NULL, s = NULL)

Arguments

x

Scalar entry age.

z

Scalar retirement age.

Sx

Positive scalar salary at age x.

c

Scalar contribution rate in [0, 1].

i

Scalar annual effective investment return greater than -1.

g

Optional scalar annual salary growth rate greater than -1.

s

Optional positive salary-scale vector of length z - x.

Value

A numeric scalar.

Examples

AVz_dc(
  x = 30,
  z = 65,
  Sx = 50000,
  c = 0.10,
  i = 0.05,
  g = 0.04
)
#> [1] 824211.3