Futurebasic/Language/Reference/compound

COMPOUND function

COMPOUND

Function

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Syntax

compoundFactor# = FN COMPOUND#(rate, periods)

Description

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

COMPOUND uses the following formula:

compoundFactor# = (1 + rate)periods

See Also

ANNUITY

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