fvQuarterlyPaidAnnuityCompQuarterly {tvmComp}

Calculates Future Value of Quarterly Paid Ordinary Annuity or Annuity Due that is Compounded Quarterly.

Description

Calculates Future Value of Quarterly Paid Ordinary Annuity or Annuity Due that is Compounded Quarterly.

Usage

fvQuarterlyPaidAnnuityCompQuarterly(r, n, pmt, bgn)

Arguments

r

A number.

n

A number.

pmt

A number.

bgn

A number.

Details

According to Brooks,R. (2018), an Annuity is a series of equal cash payments at regular intervals across time. The method fvQuarterlyPaidAnnuityCompQuarterly() is developed to calculate Future Value of Quarterly-Paid Ordinary Annuity or Annuity Due that is Compounded Quarterly. The method gives FV when values are passed to its four arguments. Here r is annual rate, n is number of years, pmt is amount of one annuity and bgn is the mode (1 when annuity payment occurs at the beginning of the period; 0 for end of period payments)

Value

Input values to four arguments r , n , pmt and bgn.

Author(s)

MaheshP. Kumar, [e-mail]

References

Brooks,R. (2018). Financial Management (4th Edition). Pearson Education (US). ISBN 9780134730417, https://bookshelf.vitalsource.com/books/9780134731070.

Examples

fvQuarterlyPaidAnnuityCompQuarterly(0.08,10,-50,1)
fvQuarterlyPaidAnnuityCompQuarterly(0.08,10,-50,0)
fvQuarterlyPaidAnnuityCompQuarterly(.08,10,50,1)
fvQuarterlyPaidAnnuityCompQuarterly(.08,10,50,0)