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pv
Format: pv( pmt, rate, term )
Arguments: (real) pmt Periodic payment
(real) rate Periodic interest rate (1=100%)
(real) term Number of periods
Returns: (real) The present value of term
periodic payments of pmt each discounted at a periodic
interest rate of rate
Description: The present value is calculated using the
following equation:
Examples: pv(2000,8%,20) =
19636.29 (present value of a 20 year $2,000 annuity at 8%)
See Also: fv, pmt, term,
rate, npv, irr,
cf
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