Financial Toolbox |
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pvfix
Present value with fixed periodic payments
Syntax
PresentVal = pvfix(Rate, NumPeriods, Payment, ExtraPayment, Due)
Arguments
rate
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Periodic interest rate, as a decimal fraction.
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NumPeriods
|
Number of periods.
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Payment
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Periodic payment.
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ExtraPayment
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(Optional) Payment received other than Payment in the last period. Default = 0.
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Due
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(Optional) When payments are due or made: 0 = end of period (default), or 1 = beginning of period.
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Description
PresentVal = pvfix(Rate, NumPeriods, Payment, ExtraPayment, Due)
returns the present value of a series of equal payments.
Examples
$200 is paid monthly into a savings account earning 6%. The payments are made at the end of the month for five years. To find the present value of these payments
PresentVal = pvfix(0.06/12, 5*12, 200, 0, 0)
returns
See Also
fvfix
, fvvar
, payper
, pvvar
| prtbill | | pvvar |  |