## Copyright (C) 1995, 1996, 1997 Kurt Hornik
##
## This file is part of Octave.
##
## Octave is free software; you can redistribute it and/or modify it
## under the terms of the GNU General Public License as published by
## the Free Software Foundation; either version 2, or (at your option)
## any later version.
##
## Octave is distributed in the hope that it will be useful, but
## WITHOUT ANY WARRANTY; without even the implied warranty of
## MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE. See the GNU
## General Public License for more details.
##
## You should have received a copy of the GNU General Public License
## along with Octave; see the file COPYING. If not, write to the Free
## Software Foundation, Inc., 51 Franklin Street, Fifth Floor, Boston, MA
## 02110-1301, USA.
## -*- texinfo -*-
## @deftypefn {Function File} {} pvl (@var{r}, @var{n}, @var{p})
## Return the present value of an investment that will pay off @var{p}
## in one lump sum at the end of @var{n} periods, given the interest
## rate @var{r}.
##
## Note that the rate @var{r} is specified as a fraction (i.e., 0.05,
## not 5 percent).
## @end deftypefn
## Author: KH
## Description: Present value of an investment that pays off at the end
function v = pvl (r, n, p)
if (nargin != 3)
print_usage ();
endif
if (! (isscalar (r) && (r > -1)))
error ("pvl: r has to be a scalar > -1");
elseif (! (isscalar (n) && (n > 0)))
error ("pvl: n has to be a positive scalar");
elseif (! isscalar (p))
error ("pvl: p has to be a scalar");
endif
v = p / (1 + r)^n;
endfunction
/*
@GROUP
Finance
@SYNTAX
v = pvl (r, n, p)
@DOC
.
@EXAMPLES
@NOTES
@SEE
*/