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Chapter 12   
 Dictionary of Functions
197
 
Calculates the net present value of an investment based on a series 
of future cash flows and a fixed interest rate.
Calculates fixed, periodic payments given a fixed interest rate, a 
number of periods, the present value, the future value, and the 
type of payments.
Calculates the principal portion of a payment for a loan or 
investment based on periodic fixed payments and a fixed interest 
rate.
Calculates the price for a security that pays periodic interest per 
$100 par value.
Calculates the price of a discounted security per $100 par value.
PRICEMAT (page 260)
Calculates the price of a security that pays interest at maturity per 
$100 par value.
Calculates the present value of an investment, given a series of 
fixed, periodic payments and a fixed interest rate.
Calculates the interest rate of an annuity (a fixed sum paid 
periodically over a specified period of time).
Calculates the straight-line depreciation of an asset during a 
period.
Calculates the sum-of-years’-digits depreciation of an asset during 
a particular period.
Calculates the depreciation of an asset over a chosen time interval.
Function
Description