Ratio \(r_t = AV_t / GMF_t\) capped at 1

Computes the ratio in Equation (16.16).

Usage

rt_ul(AV, GMF)

Arguments

AV

Account value.

GMF

Guaranteed maturity fund.

Value

Numeric scalar.

Examples

rt_ul(AV = 4918.20, GMF = 14678.57)
#> [1] 0.3350599