present_to_annual {EngrEcon} | R Documentation |
Compute annual payment from present value
present_to_annual
Compute uniform series annual payments from present value
using capital recovery factor (crf)
Description
Compute annual payment from present value
present_to_annual
Compute uniform series annual payments from present value
using capital recovery factor (crf)
Usage
present_to_annual(i, n, PV)
Arguments
i |
discount rate in percent per year |
n |
life span in years |
PV |
present value |
Value
ann.value
References
Newnan, D. G., Eschenbach, T. G., Lavelle, J. P., & Oxford, N. Y. Engineering Economic Analysis, 14th ed. New York, Oxford University Press, 2020
David, W., & Terry, R. Fundamentals of Engineering Economics and Decision Analysis. Springer Nature, 2012
Examples
# Result: ann.value = $17765.49
present_to_annual(0.08, 30, 200000)
[Package EngrEcon version 1.0.0 Index]