FV

FV future value

Synopsis

FV(rate,nper,pmt,pv,type)

Arguments

rate: effective interest rate per period

nper: number of periods

pmt: payment at each period

pv: present value

type: payment type

Description

FV calculates the future value of pv moved nper periods into the future, assuming a periodic payment of pmt and an interest rate of rate per period.

Note

If type is 0, the default, payment is at the end of each period. If type is 1, payment is at the beginning of each period.

See also

PV.