payuni

Uniform payment equal to varying cash flow

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Syntax

Series = payuni(CashFlow,Rate)

Description

Series = payuni(CashFlow,Rate) computes the uniform series value of a varying cash flow.

example

Examples

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Open Live Script

This example shows how to calculate the uniform series value using payuni.

The following cash flow represents the yearly income from an initial investment of $10,000. The annual interest rate is 8%.

Year 1 - $2000

Year 2 - $1500

Year 3 - $3000

Year 4 - $3800

Year 5 - $5000

To calculate the uniform series value:

Series = payuni([-10000 2000 1500 3000 3800 5000], 0.08)
Series = 
429.6296

Input Arguments

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Cash flows, specified as a vector of varying cash flows. Include the initial investment as the initial cash flow value (a negative number).

Data Types: double

Periodic interest rate, specified as a decimal.

Data Types: double

Output Arguments

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Uniform series, returned as the value of a varying cash flow.

Version History

Introduced before R2006a

See Also

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