payuni (Financial Toolbox)

Uniform payment equal to varying cash flow

Syntax

```
Series = payuni(CashFlow, Rate)
```

Arguments

CashFlow
A vector of varying cash flows. Include the initial investment as the initial cash flow value (a negative number).

Rate
Periodic interest rate. Enter as a decimal fraction.

`CashFlow`	A vector of varying cash flows. Include the initial investment as the initial cash flow value (a negative number).
`Rate`	Periodic interest rate. Enter as a decimal fraction.

Description

Series = payuni(CashFlow, Rate) returns the uniform series value of a varying cash flow.

Examples

This cash flow represents the yearly income from an initial investment of $10,000. The annual interest rate is 8%.

Year 1
$2000

Year 2
$1500

Year 3
$3000

Year 4
$3800

Year 5
$5000

Year 1	$2000
Year 2	$1500
Year 3	$3000
Year 4	$3800
Year 5	$5000

To calculate the uniform series value

Series = payuni([-10000 2000 1500 3000 3800 5000], 0.08)

returns

```
Series =

         429.63
```

See Also

fvfix, fvvar, irr, pvfix, pvvar

payper pcalims