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ANS85 

The ANNUITY Function

General Format


*

Arguments

  1. Argument-1 must be class numeric.
  2. The value of argument-1 must be greater than or equal to zero.
  3. Argument-2 must be a positive integer.

Returned Values

  1. When the value of argument-1 is zero, the value of the function is the approximation of:

    1 / argument-2

  2. When the value of argument-1 is not zero, the value of the function is the approximation of:

    argument-1 / (1 - (1 + argument-1) ** (- argument-2))

  3. Floating-point format is used for numeric non-integer results.
Parent topic: Definitions of Functions
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