This function return present values for decreasing annuities - certain.
A numeric value representing the interest rate.
The number of periods.
The Payment type, either
A decreasing annuity has the following flows of payments: n, n-1, n-2, ..., 1, 0.
A numeric value reporting the present value of the decreasing cash flows.
The function is provided as is, without any guarantee regarding the accuracy of calculation. The author disclaims any liability for eventual losses arising from direct or indirect use of this software.
This function calls
presentValue function internally.
Giorgio A. Spedicato
Broverman, S.A., Mathematics of Investment and Credit (Fourth Edition), 2008, ACTEX Publications.
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