Traditional Unit Credit normal cost — NC_TUC_db • mqriskR

Computes the actuarial present value of the benefit accrued during the current year.

Usage

NC_TUC_db(accrual_benefit, v_to_ret, p_surv, adue_ret)

Arguments

accrual_benefit: Nonnegative benefit accrued during the current year.
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

NC_TUC_db(
  accrual_benefit = 1560,
  v_to_ret = 0.5,
  p_surv = 0.9,
  adue_ret = 12
)
#> [1] 8424