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# pvfix

Present value with fixed periodic payments

## Syntax

```PresentVal = pvfix(Rate, NumPeriods, Payment, ExtraPayment, Due)
```

## Arguments

 rate Periodic interest rate, as a decimal fraction. NumPeriods Number of periods. Payment Periodic payment. ExtraPayment (Optional) Payment received other than Payment in the last period. Default = 0. Due (Optional) When payments are due or made: 0 = end of period (default), or 1 = beginning of period.

## Description

PresentVal = pvfix(Rate, NumPeriods, Payment, ExtraPayment, Due) returns the present value of a series of equal payments.

## Examples

expand all

### Calculate the Present Value of a Series of Equal Payments

This example shows how to return the present value of a series of equal payments, where \$200 is paid monthly into a savings account earning 6%. The payments are made at the end of the month for five years.

```PresentVal = pvfix(0.06/12, 5*12, 200, 0, 0)
```
```PresentVal =

1.0345e+04

```