fvYearlyAnnuityCompSemiAnnually {tvmComp}

Calculates Future Value of Yearly Paid Ordinary Annuity or Annuity Due that is Compounded Semi-Annually.

Description

Calculates Future Value of Yearly Paid Ordinary Annuity or Annuity Due that is Compounded Semi-Annually.

Usage

fvYearlyAnnuityCompSemiAnnually(r, n, pmt, bgn)

Arguments

r

A number.

n

A number.

pmt

A number.

bgn

A number.

Details

As Brooks,R. (2018) mentions that Future Value calculations value cash flow at a single point in time in the future. The method fvYearlyAnnuityCompSemiAnnually() is developed to calculate Future Value of Yearly-Paid Ordinary Annuity or Annuity Due that is Compounded Semi-Annually. 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

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

Examples

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