annuity.level {FinancialMath} | R Documentation |
Level Annuity
Description
Solves for the present value, future value, number of payments/periods, interest rate, and/or the amount of the payments for a level annuity. It can also plot a time diagram of the payments.
Usage
annuity.level(pv=NA,fv=NA,n=NA,pmt=NA,i=NA,ic=1,pf=1,imm=TRUE,plot=FALSE)
Arguments
pv |
present value of the annuity |
fv |
future value of the annuity |
n |
number of payments/periods |
pmt |
value of the level payments |
i |
nominal interest rate convertible ic times per year |
ic |
interest conversion frequency per year |
pf |
the payment frequency- number of payments/periods per year |
imm |
option for annuity immediate or annuity due, default is immediate (TRUE) |
plot |
option to display a time diagram of the payments |
Details
Effective Rate of Interest:
Annuity Immediate:
Annuity Due:
Value
Returns a matrix of the input variables and calculated unknown variables.
Note
At least one of pv, fv, n, pmt, or i must be NA (unknown).
pv and fv cannot both be specified, at least one must be NA (unknown).
See Also
Examples
annuity.level(pv=NA,fv=101.85,n=10,pmt=8,i=NA,ic=1,pf=1,imm=TRUE)
annuity.level(pv=80,fv=NA,n=15,pf=2,pmt=NA,i=.01,imm=FALSE)