Name

PV Function — Microsoft.VisualBasic.Financial

Synopsis

PV(rate, nper, pmt[, fv [, due]])
rate required; Double

The interest rate per period

nper required; Integer

The number of payment periods in the annuity

pmt required; Double

The payment made in each period

fv optional; Double

The future value of the loan or annuity

due optional; DueDate

Either DueDate.BegOfPeriod or DueDate.EndOfPeriod

Return Value

A Double specifying the present value of an annuity

Description

Calculates the present value of an annuity (either an investment or loan) based on a regular number of future payments of a fixed value and a fixed interest rate. The present value is the current value of a future stream of equal cash flows discounted at some fixed interest rate.

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