Example—PC function:
/* Calculate difference between compounding daily and
** monthly a principle amount of $100 at an interest
** rate of 10% for one year.
*/
/* compounded monthly */
amt1 = pc(pv = 100, I = .1/12, nper = 12);
/* compounded daily */
amt2 = pc(pv = 100, I = .1/365, nper = 365);