Future value of discounted security.

Syntax

rv = fvdisc(sd, md, price, disc, basis)
rv = fvdisc(sd, md, price, disc)

Arguments

sd

Settlement date. Enter as serial date number or date string. sd must be earlier than or equal to md.

md

Maturity date. Enter as serial date number or date string.

price

Price (present value) of the security.

disc

Discount rate of the security. Enter as decimal fraction.

basis

Day-count basis: 0 = actual/actual (default), 1 = 30/360,
2 = actual/360, 3 = actual/365.

Description

Example

sd = '02/15/1991';
md = '05/15/1991';
price = 100;
disc = 0.0575;
basis = 2;

rv = fvdisc(sd, md, price, disc, basis)

rv =
  101.44

See Also

Reference