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Using JMP - SAS

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Appendix B Formula Functions Reference 443<br />

Finance Functions<br />

Interest Rate<br />

Returns the interest rate per period of an annuity.<br />

Internal Rate of Return<br />

Returns the internal rate of return for a series of cash flows in the values argument.<br />

Modified Internal Rate of Return<br />

Returns the modified internal rate of return for a series of periodic cash flows. The cost of investment and<br />

the interest received on reinvested cash is included.<br />

Net Present Value<br />

Returns the net present value of an investment by using a discount rate and a series of future payments<br />

(negative values) and income (positive values).<br />

Number of Periods<br />

Returns the number of periods for an investment that is based on periodic, constant payments and a<br />

constant interest rate.<br />

Payment<br />

Returns the payment for a loan that is based on constant payments and a constant interest rate.<br />

Present Value<br />

Returns the present value of an investment.<br />

Principal Payment<br />

Returns the payment on the principal for a given period for an investment that is based on periodic,<br />

constant payments and a constant interest rate.<br />

Straight Line Depreciation<br />

Returns the straight-line depreciation of an asset for one period.<br />

Sum Of Years Digits Depreciation<br />

Returns the sum-of-years’ digits depreciation of an asset for a specified period.

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