PV
PV returns the initial or principal value of an annuity.
This function is valid in both rules and TurboIntegrator processes.
Syntax
PV(payment, interest, periods)|
Argument |
Description |
|---|---|
|
payment |
The amount of the payment made. |
|
interest |
The interest rate paid per period. |
|
periods |
The number of periods in the annuity. Payments are assumed to be made at the end of each period. |
Example
This example returns the principal value of an annuity with 5 yearly payments of $1,000 at 14% interest.
PV(1000, .14, 5)