ANNUITY Function

Description:

This function returns a value that approximates the ratio of an annuity¹ paid at the end of each period, at a specified interest rate (passed to the function as its first argument) and for a specified number of periods (passed to the function as its second argument), to an initial investment of one.

Types:

Argument Type	Return Type
Numeric	Numeric

Usage example:

FUNCTION* ANNUITY* ( interest-rate periods )

Footnotes

1. Follow this link for a more detailed explanation on how the annuity calculation is done - Wikipedia ↩