Futurebasic/Language/Reference/compound
(Redirected from Futurebasic/language/reference/compound)
COMPOUND function
[edit | edit source]COMPOUND
[edit | edit source]Function
[edit | edit source]| (+) | Appearance | (+) | Standard | (+) | Console |
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