compound() creates a Compounding object in one of its subclasses:
Simple, Discrete, Continuous.
compounding(x = c("simple", "discrete", "continuous"))a character with the name of compounding regime:
simple, discrete, continuous
A subclass of Compounding object.
A Compounding object can be instanciated with the compounding
function, passing a string with the name of one of the compounding regimes:
simple, discrete, continuous.
compounding("simple")
#> <compounding: simple >
compounding("discrete")
#> <compounding: discrete >
compounding("continuous")
#> <compounding: continuous >
comp <- compounding("discrete")
compound(comp, 0.06, 2) # equals (1 + 0.06) ^ 2 = 1.1236
#> [1] 1.068138
implied_rate(comp, 1.1236, 2) # equals 0.06
#> [1] 0.8531716