PresentValue function

Declaration

function PresentValue(ARate: Float; NPeriods: Integer; APayment: Float; 
 AFutureValue: Float; APaymentTime: TPaymentTime)
: Float

Description

PresentValue calculates the present (start) value of an investment ( PV) in the cash flow formula (see CashFlowFunctions) The function result is the start value of an investment, when the future value is AFutureValue ( FV) and APayment ( PMT) is invested for NPeriods ( n) at the rate of ARate ( q) per period.

The APaymentTime parameter determines whether the investment (payment) is an ordinary annuity or an annuity due: ptEndOfPeriod must be used if payments are at the end of each period. If the payments are at the beginning of the periode, ptStartOfPeriod must be used.

See also

• FutureValue
• InterestRate
• NumberOfPeriods
• Payment
• TPaymentTime
• CashFlowFunctions