pvDailyCompSingleCF {tvmComp}

Calculates Present Value of a Single Cash Flow for Daily Compounding Frequency.

Description

Calculates Present Value of a Single Cash Flow for Daily Compounding Frequency.

Usage

pvDailyCompSingleCF(r, n, fv)

Arguments

r

A number.

n

A number.

fv

A number.

Details

As defined by Brooks,R. (2018), Present Value is the value today of tomorrow’s cash flow. Computation of the equivalent value of a Future Value in today’s dollars, is done by discounting the Future Value back to the Present Value at a given discount rate. The method pvDailyCompSingleCF() is developed to calculates Present Value of a Single Cash Flow for daily Compounding Frequency.The method gives Present Value when values are passed to its three arguments. Here r is annual rate, n is number of years and fv is Future Value

Value

Input values to three arguments r , n and fv.

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

pvDailyCompSingleCF(0.08,10,-2000)
pvDailyCompSingleCF(0.08,10,2000)