interest_during_construction {EngrEcon}

Compute interest during construction interest_during_construction calculate interest during construction using a monthly discount factor

Description

Compute interest during construction

interest_during_construction calculate interest during construction using a monthly discount factor

Usage

interest_during_construction(i, duration, capital)

Arguments

i

interest rate in percent per year

duration

construction duration in months

capital

first/capital cost

Value

idc

References

Engineer, U. S. A., & Resources, W. National Economic Development (NED) Procedures Manual- National Development Costs. U.S. Army Corps of Engineers Humphreys Engineer Center Support Activity Institute for Water Resources, DACWC72-90(June)1993.

Examples

 
# Result: idc ($) = 18992.14
interest_during_construction (0.027, 25, 700000)