Financial Toolbox

fvdisc

Syntax

FutureVal = fvdisc(Settle, Maturity, Price, Discount, Basis)

Arguments

Settle	Settlement date. Enter as serial date number or date string. Settle must be earlier than or equal to Maturity.
Maturity	Maturity date. Enter as serial date number or date string.
Price	Price (present value) of the security.
Discount	Bank discount rate of the security. Enter as decimal fraction.
Basis	(Optional) Day-count basis: 0 = actual/actual (default), 1 = 30/360, 2 = actual/360, 3 = actual/365.

Description
FutureVal = fvdisc(Settle, Maturity, Price, Discount, Basis) finds the amount received at maturity for a fully vested security.

Examples
Using this data

Settle = '02/15/2001';
Maturity = '05/15/2001';
Price = 100;
Discount = 0.0575;
Basis = 2;

FutureVal = fvdisc(Settle, Maturity, Price, Discount, Basis)

FutureVal =
            101.44

See Also
acrudisc, discrate, prdisc, ylddisc

References
Mayle, Standard Securities Calculation Methods, Volumes I-II, 3rd edition.

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fvfix