fv.annuity {FinCal}

Estimate future value of an annuity

Description

Estimate future value of an annuity

Usage

fv.annuity(r, n, pmt, type = 0)

Arguments

r

discount rate, or the interest rate at which the amount will be compounded each period

n

number of periods

pmt

payment per period

type

payments occur at the end of each period (type=0); payments occur at the beginning of each period (type=1)

See Also

fv

Examples

fv.annuity(0.03,12,-1000)

fv.annuity(r=0.03,n=12,pmt=-1000,type=1)