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brfinance (version 0.8.0)

calc_fv_annuity: Future Value of an Annuity

Description

Calculates the future value of a series of equal payments.

Usage

calc_fv_annuity(pmt, rate, n, type = 0)

Value

Future value of the annuity.

Arguments

pmt

Payment amount per period.

rate

Interest rate per period (decimal).

n

Number of periods.

type

Payment timing: 0 for end of period (ordinary annuity), 1 for beginning of period (annuity due).

Examples

Run this code
calc_fv_annuity(pmt = 100, rate = 0.05, n = 10, type = 0)
calc_fv_annuity(pmt = 100, rate = 0.05, n = 10, type = 1)

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