ABSTRACT
When a series of annual payments increases or decreases by a constant amount, G, each year, their present value is calculated using the so-caIIec;l uniformed gradient series factor, as follows:
or
The future equivalent amount is
The annual equivalent of this future amount is obtained from
or
The value in the brackets is the uniform gradient series factor, usually designated as follows
Table B 1 shows values of the uniform series factor for selected interest rates.
