intensity2Interest {lifecontingencies}

Functions to switch from interest to intensity and vice versa.

Description

There functions switch from interest to intensity and vice - versa.

Usage

intensity2Interest(intensity)

interest2Intensity(i)

Arguments

intensity

Intensity rate

i

interest rate

Details

Simple financial mathematics formulas are applied.

Value

A numeric value.

Author(s)

Giorgio A. Spedicato

References

Broverman, S.A., Mathematics of Investment and Credit (Fourth Edition), 2008, ACTEX Publications.

See Also

real2Nominal, nominal2Real

Examples

# a force of interest of 0.02 corresponds to an APR of 
intensity2Interest(intensity=0.02)
#an interest rate equal to 0.02 corresponds to a force of interest of of 
interest2Intensity(i=0.02)