FV
Returns the future value of an investment.
Syntax
FV(rate, nper, pmt, [pv], [type])
Arguments
| Argument |
Description |
Required |
rate |
The interest rate per period. |
Required |
nper |
The total number of payment periods. |
Required |
pmt |
The payment made each period. |
Required |
pv |
The present value, or lump-sum amount that a series of future payments is worth right now. Default is 0. |
Optional |
type |
When payments are due. 0 = end of period, 1 = beginning of period. Default is 0. |
Optional |
Examples
Future value of annuity
=FV(0.06/12, 10, -200, -500)
Result ⇒
2571.1753
Savings account growth
=FV(0.12/12, 12, -1000)
Result ⇒
12682.503
Investment with present value
=FV(A1, A2, A3, A4)
Result ⇒
3623.5334
Related Functions
Other Financial functions:
- CUMIPMT - Returns the cumulative interest paid between start_period and end_period
- CUMPRINC - Returns the cumulative principal paid on a loan between start_period and end_period
- DB - Returns the depreciation of an asset for a specified period using the fixed-declining balance method
- DISC - Returns the discount rate for a security
- EFFECT - Returns the effective annual interest rate
- FVSCHEDULE - Returns the future value of an initial principal after applying a series of compound interest rates
- IPMT - Returns the interest payment for a given period for an investment based on periodic, constant payments and a constant interest rate.
- IRR - Returns the internal rate of return for a series of cash flows
- NOMINAL - Returns the annual nominal interest rate
- NPER - Returns the number of periods for an investment
- NPV - Calculates the net present value of a series of cash flows at a given discount rate
- PMT - Calculates the payment for a loan based on constant payments and a constant interest rate.
- PPMT - Returns the payment on the principal for a given period for an investment based on periodic, constant payments and a constant interest rate.
- PV - Returns the present value of an investment.
- RATE - Returns the interest rate per period of a loan or investment.
- SLN - Returns the straight-line depreciation of an asset for one period
- XIRR - Returns the internal rate of return for a schedule of cash flows that is not necessarily periodic
- XNPV - Returns the net present value for a schedule of cash flows that is not necessarily periodic
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