FV
Syntax:
FV ( rate , nper , pmt [ , [ pv ] [ , [ type ] ] ] )
Description: Computes the future value of an investment based on periodic, constant payments and a constant interest rate.
Arguments:
Name |
Type |
Description |
||||||
|---|---|---|---|---|---|---|---|---|
rate |
number |
The interest rate. |
||||||
nper |
number |
The total number of payment periods, truncated to integer. |
||||||
pmt |
number |
The payment made each period; it cannot change over the life of the annuity.
Note: : Typically, pmt contains principal and interest, but no other fees or taxes.
If omitted, pv shall be provided. |
||||||
pv |
number |
The the present value, or the lump-sum amount that a series of future payments is worth right now. If omitted, it is assumed to be 0, and pmt shall be provided. |
||||||
type |
number |
The timing of the payment, truncated to integer, as follows:
|
Arguments representing cash paid by investor shall be expressed as negative numbers; arguments representing cash received by the investor shall be expressed as positive numbers.
Return Type and Value: number – The future value of an investment based on periodic, constant payments and a constant interest rate.
However, if type is any number other than 0 or 1, #NUM! is returned.