The PRESENT-VALUE function returns a value that approximates the present value of a series of future period-end amounts specified by argument-2 at a discount rate specified by argument-1.
The function type is numeric.
___ Format _____________________________________________________________ | | | <____________ | | >>__FUNCTION PRESENT-VALUE__(argument-1____argument-2_|__)__________>< | | | |________________________________________________________________________|
The returned value is an approximation of the summation of a series of calculations with each term in the following form:
argument-2 / (1 + argument-1) ** n
There is one term for each occurrence of argument-2. The exponent, n, is incremented from one by one for each term in the series.
Adobe, the Adobe logo, Acrobat, the Acrobat logo, and Acrobat Reader are registered trademarks of Adobe Systems incorporated.