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Futurebasic/Language/Reference/compound
Reference material by Wikibooks contributors. This retains its source identity and is not 411 news reporting.
COMPOUND function
COMPOUND
Function
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Appearance
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Standard
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Console
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