Discount factor for compound interest

Discount factor for compound interest

Usage

discount(i, t)

Arguments

i

Effective interest rate.

t

Time (can be vector).

Value

Discount factor at time t.

Examples

discount(0.05, 0:5)
#> [1] 1.0000000 0.9523810 0.9070295 0.8638376 0.8227025 0.7835262