pV Function

Calculates the present value of an annuity, where an amount is received over multiple periods and the interest rate is deducted for each period.


real pv(real amount, real interest, real life)

Parameter

Description

amount

The amount paid during each period.

interest

The interest rate.

life

The number of times that the value specified by the amount parameter is paid.

The current value of an annuity.

// Returns the value 874.11.
pv(300,0.14,4);

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