payuni

Uniform payment equal to varying cash flow

Syntax

Series = payuni(CashFlow,Rate)

Description

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

Examples

Calculate the Uniform Series Value

This example shows how to calculate the uniform series value using payuni.

The following 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)

Series = 429.6296

Input Arguments

CashFlow — Cash flows

vector

Cash flows, specified as a vector of varying cash flows. Include the initial investment as the initial cash flow value (a negative number).

Data Types: double

Rate — Periodic interest rate

decimal

Periodic interest rate, specified as a decimal.

Data Types: double

Output Arguments

Series — Uniform series

numeric

Uniform series, returned as the value of a varying cash flow.