ANNUITY
The ANNUITY function returns ratio of annuity using a given rate.
Syntax 1
function annuity (arg-1, arg-2) |
Syntax 2
Arguments
• arg-1 must be a numeric data item or literal whose value is greater than zero.
• arg-2 must be a numeric data item or literal whose value is greater than zero.
Result
If the value of arg-1 is zero, the value of the function is the approximation of 1 / arg-2, else the value of the function is the approximation of arg-1 / (1 - (1 + arg-1) ** (- arg-2)) .
Examples
Example - Display the ratio of annuity of 2 periods with a interest rate of 0.5.
display function annuity(2, 0.5). |