pv.annuity {FinCal}

Estimate present value (pv) of an annuity

Description

Estimate present value (pv) of an annuity

Usage

pv.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

pv

Examples

pv.annuity(0.03,12,1000)

pv.annuity(r=0.0425,n=3,pmt=30000)