Futurebasic/Language/Reference/annuity

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:

$annuityFactor\# = \frac {1-(1+rate) ^{periods}} {rate}$

See Also

compound

Language Reference