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ANNUITYPRESVALFACTOR
 
Formula:

ANNUITYPRESVALFACTOR
Description: Advances and arrears
Syntax: PresentValueAdvances = (((1 + Ir)^Dur) - 1) / ((1 + Ir)^(Dur-1) * ((1 + Ir) - 1))
PresentValueArrears = (((1 + Ir)^Dur) - 1) / ((1 + Ir)^Dur * ((1 + Ir) - 1))
Note:

Calculates the present value of pension in accordance with interest rate and the duration in years.
Category: Insurance / Pensionfunds
Creator: pkuser
Account: Free
Published: 20 July 2010
Tags: formuls present value of pension advances and arrears

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