Futurebasic/Language/Reference/compound
COMPOUND function
[edit | edit source]COMPOUND
[edit | edit source]Function
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Syntax
[edit | edit source]compoundFactor# = FN COMPOUND#(rate, periods)
Description
[edit | edit source]Returns the compounding factor for the given interest rate and number of periods. The interest rate should be expressed as a fraction of 1; for example, 5.2 percent should be expressed as 0.052.
Note
[edit | edit source]COMPOUND uses the following formula:
compoundFactor# = (1 + rate)periods