Fixed
Fixed Rates are constants
Last updated
Fixed Rates are constants
Last updated
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 Data Modella 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.