DEPVALDB(<N price>, <N rate>, <N periods>)
Computes the depreciated value of an asset using declining-balance method.
Returns <expN> value of asset after specified time.

<price> is the original purchase price.
<rate> is the rate of depreciation per period.
<periods> is the number of time periods.

* Value of an item originally purchased for $10,000 after 6 months,
* assuming 10% per year rate of depreciation.
* Months are represented by <n>/12
m_value = DEPVALDB( 10000, .10, 6/12)

* Value of the same item after 10 years
m_value = DEPVALDB( 10000, .10, 10)


Placed in the Public Domain by Tom Rettig Assoc.