Calculates the present value for a time value of money problem
Introduced in release: 1.0 Component: Business Calculator Purpose:
Calculates the present value for a time value of money problem. To a lender or borrower, PV is the amount of the loan; to an investor, PV is the initial investment. PV always occurs at the beginning of the first period.
Results:
The function returns the calculated present value accurate to as many places as supported by a double precision value.
Error Conditions:
Returned values should be ignored for a non-zero status. See Errors.