Financial Toolbox™

payuni - Uniform payment equal to varying cash flow

Syntax

Series = payuni(CashFlow, Rate)

`CashFlow`	A vector of varying cash flows. Include the initial investment as the initial cash flow value (a negative number).
`Rate`	Periodic interest rate. Enter as a decimal fraction.

Series = payuni(CashFlow, Rate) returns the uniform series value of a varying cash flow.

This cash flow represents the yearly income from an initial investment of $10,000. The annual interest rate is 8%.

To calculate the uniform series value

Series = payuni([-10000 2000 1500 3000 3800 5000], 0.08)

returns

Series =

         429.63