Function File: pv (r, n, p, l, method)

Returns the present value of an investment that will pay off p for n consecutive periods, assuming an interest r.

The optional argument l may be used to specify an additional lump-sum payment made at the end of n periods.

The optional argument method may be used to specify whether payments are made at the end ("e", default) or at the beginning ("b") of each period.

Note that the rate r is specified as a fraction (i.e., 0.05, not 5 percent).

See also: pmt, nper, rate, npv.

Package: financial