pvMonthlyCompSingleCF {tvmComp}

Computing Present Value of a Single Cash Flow under Monthly Compounding Frequency.

Description

Computing Present Value of a Single Cash Flow under Monthly Compounding Frequency.

Usage

pvMonthlyCompSingleCF(r, n, fv)

Arguments

r

A number.

n

A number.

fv

A number.

Details

The method pvMonthlyCompSingleCF() is developed to compute Present Value of a Single Cash Flow under Monthly 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

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

pvMonthlyCompSingleCF(0.08,10,2000)
pvMonthlyCompSingleCF(0.08,10,-2000)