According to information provided by Adams and Smith (2019), the method fvMmiUsingQuotedDiscRate()
is developed to calculate Future Value of Money Market Instruments using the given Discount Rate for the values passed to its four arguments. Here, pvMmi
is present value of the Money Market Instrument, daysToMaturity
is number of days till the maturity, daysInYear
is taken to be 360, and mmQuotedDiscRate
is Money Market Quoted Discount Rate. For example, an output value of 10,000,000 dollars denotes the value of redemption amount to be paid at maturity for a Money Market Instrument that had the present value of 9,943,125 dollars.