HP 3000 Manuals

HP COBOL II/XL Quick Reference Guide

PRESENT-VALUE 

The PRESENT-VALUE function returns a value that approximates the present
value of a series of future period-end amounts specified by parameter-2 
at a discount rate specified by parameter-1.  The function type is
numeric.

Syntax 

     FUNCTION PRESENT-VALUE (parameter-1 {parameter-2}...)

Parameters 

parameter-1           Must be of the class numeric; must be greater than
                      -1.

parameter-2           Must be of the class numeric.

MPE/iX 5.0 Documentation