Uniform payment equal to varying cash flow
Series = payuni(CashFlow,Rate)
A vector of varying cash flows. Include the initial investment as the initial cash flow value (a negative number).
Periodic interest rate. Enter as a decimal fraction.
Series = payuni(CashFlow,Rate) returns the
uniform series value of a varying cash flow.
This cash flow represents the yearly income from an initial investment of $10,000. The annual interest rate is 8%.
To calculate the uniform series value
Series = payuni([-10000 2000 1500 3000 3800 5000], 0.08)
Series = 429.63