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