present_to_future {EngrEcon}

Compute future values from present value

Description

present_to_future calculate future value from present value using compound amount factor (caf)

Usage

present_to_future(i, n, PV)

Arguments

i

discount rate in percent per year

n

life span in years

PV

present value

Value

fr.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: fr.value = 9056391

present_to_future (0.08, 30, 900000)