UniformSeriesPV function

Syntax

UniformSeriesPV(int_rate,n_per)

Description

Use the UniformSeriesPV function to calculate the present value of a single monetary unit after a uniform series of payments at a specified interest rate.

Parameters

Parameter	Description
int_rate	A Number specifying the interest rate on the basis of which to calculate the return value.
n_per	A Number specifying the number of payments in the uniform series.

Returns

Returns a Number equal to the value of a single unit after n_per payments at an interest rate of int_rate.

Example

The example sets &NUM to 3.790786769408448256:

&NUM = UniformSeriesPV(10,5);