home *** CD-ROM | disk | FTP | other *** search
/ El Mac 9 / El Mac 9.iso / Shareware / Applications / MathPad 2.4 / XFuns / finance / finance.rsrc / TEXT_128_annuity().txt next >
Encoding:
Text File  |  1996-03-15  |  178 b   |  4 lines

  1. -- annuity(rate,periods)  computes the present value factor for an annuity
  2. -- more accurate than the straightforward computation: (1-(1+rate)^(-periods))/rate   
  3. annuity(.05,12)
  4.