Pvperp

Function Pvperp(c,rate)

Description: Calculates the present value of a perpetuity (a bond that pays a constant amount in perpetuity).
Note: To calculate the present value of a growing perpetuity use Pvgperp.

Example

Pvperp(200,0.06) → 3333

Expects

c and rate as numeric.

Parameters

c is the constant payment amount;
rate is the interest rate per time period.

Function definition

c/rate

Syntax

Pvperp(c, rate : Numeric)

Library

Financial library functions

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