diff --git a/docs/src/functions/financial/fv.md b/docs/src/functions/financial/fv.md index 8afdaeb..a71ff3b 100644 --- a/docs/src/functions/financial/fv.md +++ b/docs/src/functions/financial/fv.md @@ -10,7 +10,7 @@ FV (Future Value) is a function of the Financial category that can FV can be used to calculate future value over a specified number of compounding periods. A fixed interest rate or yield is assumed over all periods, and a fixed payment or deposit can be applied at the start or end of every period. -If your interest rate varies between periods, use the [FVSCHEDULE](./FVSCHEDULE) function instead of FV. +If your interest rate varies between periods, use the [FVSCHEDULE](/functions/financial/fvschedule) function instead of FV. ## Usage ### Syntax **FV(rate, nper, pmt, pv, type)** @@ -28,15 +28,15 @@ If your interest rate varies between periods, use the [FVSCHEDULE](./FVSCHEDULE) ## Details -* If *rate* = 0, FV solves the equation: +* If *rate* = 0, FV is given by the equation: $$ FV = -pv - (pmt \times nper) $$ -* If *rate* <> 0 and *type* = 0, FV solves the equation: +* If *rate* <> 0 and *type* = 0, FV is given by the equation: $$ FV = -pv \times (1 + rate)^{nper} - \dfrac{pmt\times\big({(1+rate)^{nper}-1}\big)}{rate} $$ -* If *rate* <> 0 and *type* <> 0, FV solves the equation: +* If *rate* <> 0 and *type* <> 0, FV is given by the equation: $$ FV = -pv \times (1 + rate)^{nper} - \dfrac{pmt\times\big({(1+rate)^{nper}-1}\big) \times(1+rate)}{rate} $$ ## Examples @@ -44,6 +44,6 @@ $$ ## Links * For more information about the concept of "future value" in finance, visit Wikipedia's [Future value](https://en.wikipedia.org/wiki/Future_value) page. -* See also IronCalc's [NPER](./NPER), [PMT](./PMT), [PV](./PV) and [RATE](./RATE) functions. +* See also IronCalc's [NPER](/functions/financial/nper), [PMT](/functions/financial/pmt), [PV](/functions/financial/pv) and [RATE](/functions/financial/rate) functions. * Visit Microsoft Excel's [FV function](https://support.microsoft.com/en-gb/office/fv-function-2eef9f44-a084-4c61-bdd8-4fe4bb1b71b3) page. * Both [Google Sheets](https://support.google.com/docs/answer/3093224) and [LibreOffice Calc](https://wiki.documentfoundation.org/Documentation/Calc_Functions/FV) provide versions of the FV function. \ No newline at end of file