fvYearlyAnnuityCompQuarterly {tvmComp}

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

Description

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

Usage

fvYearlyAnnuityCompQuarterly(r, n, pmt, bgn)

Arguments

r

A number.

n

A number.

pmt

A number.

bgn

A number.

Details

According to Hummelbrunner,S.A. et al. (2020), Annuities are classified by the date of payment. In an Ordinary Annuity, payments are made at the end of each payment period. In an Annuity Due, payments are made at the beginning of each payment period. Loan payments, mortgage payments, and interest payments on bonds are all examples of Ordinary Annuities. Examples of annuities due include lease rental payments on real estate or equipment. The method fvYearlyAnnuityCompQuarterly()is developed to calculate Future Value of Yearly-Paid Ordinary Annuity or Annuity Due that is Compounded Quarterly. The method gives Future Value 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 computational mode. (Enter 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 Hummelbrunner,S.A., Halliday,K., Hassanlou,A.R. (2020). Contemporary Business Mathematics with Canadian Applications (12th Edition). Pearson Education Canada. ISBN 9780135285015, https://bookshelf.vitalsource.com/books/9780135406380.

Examples

fvYearlyAnnuityCompQuarterly(0.11,4,-300,0)
fvYearlyAnnuityCompQuarterly(0.11,4,-300,1)
fvYearlyAnnuityCompQuarterly(0.11,4,300,0)
fvYearlyAnnuityCompQuarterly(0.11,4,300,1)