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payuni

Uniform payment equal to varying cash flow

Syntax

Series = payuni(CashFlow, Rate)

Arguments

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.

Description

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

Examples

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

Year 1

$2000

Year 2

$1500

Year 3

$3000

Year 4

$3800

Year 5

$5000

To calculate the uniform series value

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

returns

Series =

         429.63

Related Examples

See Also

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Introduced before R2006a

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