Installing R via Conda

The following steps are for R package installation:

1. Note that the R package is not preinstalled when installing Anaconda, as shown here:

1. To install R software, we have to issue the following command after we click Anaconda Prompt:

conda install r-essentials

1. After installation, we can see the following:

1. We could try a few commands. For example, we first generate an R function called pv_f() with the keyword function. For this function, we have three input values: fv for future value, r for interest rate, and n for the number of periods: