< Futurebasic < Language < Reference

FN Annuity#

Function

✔ Appearance ✔ Standard ✔ Console

Syntax

annuityFactor# = fn annuity#( rate, periods )

Description

Returns the annuity factor for the given interest rate and number of periods. The interest rate should be expressed as a fraction of 1; for example, 5.2 percent should be expressed as 0.052.

Notes

fn annuity# uses the following formula:

See Also

compound

Language Reference

This article is issued from Wikibooks. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.