Financial Toolbox

fvdisc

Future value of discounted security

Syntax

• FutureVal = fvdisc(Settle, Maturity, Price, Discount, Basis)
  

Arguments

Settle	Settlement date. Enter as serial date number or date string. Settle must be earlier than or equal to Maturity.
Maturity	Maturity date. Enter as serial date number or date string.
Price	Price (present value) of the security.
Discount	Bank discount rate of the security. Enter as decimal fraction.
Basis	(Optional) Day-count basis: 0 = actual/actual (default), 1 = 30/360, 2 = actual/360, 3 = actual/365.

Description

FutureVal = fvdisc(Settle, Maturity, Price, Discount, Basis) finds the amount received at maturity for a fully vested security.

Examples

Using this data

• Settle = '02/15/2001';
  Maturity = '05/15/2001';
  Price = 100;
  Discount = 0.0575;
  Basis = 2;
  
  FutureVal = fvdisc(Settle, Maturity, Price, Discount, Basis)
  

returns

• FutureVal =
              101.44
  

See Also

acrudisc, discrate, prdisc, ylddisc

References

Mayle, Standard Securities Calculation Methods, Volumes I-II, 3rd edition.

frontcon

fvfix