Fixed

Fixed Rates are constants

A Fixed component calculates a rate that does not depend on any other variables. Common examples are a yearly lease, monthly office supplies or other fixed costs.

There are two inputs required for a fixed rate:

• The Rate per Period

• The Period Type

  • Period: The value is unmodified

  • Monthly: The value is a monthly rate and is adjusted to match the period length

  • Annual: The value is an annual rate and is adjusted to match the period length

Example

If we have an office lease for a fixed cost of $55,000 per year, and a RuleFour calendar for 12 months we can use a fixed component to model the cost.

Here we are configuring the component and because the first three periods are months in our Calendar the respective monthly amount is calculated.

Fixed Element Component