Retirement income from a defined contribution accumulation

Converts an accumulated account value into annual annuity-due income. Scalar arguments are recycled to a common length.

Usage

Income_dc(AVz, adue_z)

Arguments

AVz

Nonnegative accumulated value at retirement.

adue_z

Positive whole-life annuity-due factor at retirement.

Value

A numeric vector.

Examples

Income_dc(AVz = 824211.35, adue_z = 12)
#> [1] 68684.28