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Merge pull request #169 from ironcalc/update/nicolas-fv-documentation

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Update/nicolas fv documentation
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Nicolás Hatcher Andrés
2024-12-08 16:21:56 +01:00
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docs/src/functions/financial/fv.md
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@@ -10,7 +10,7 @@ FV (<u>F</u>uture <u>V</u>alue) 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. 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 ## Usage
### Syntax ### Syntax
**FV(rate, nper, pmt, pv, type)** **FV(rate, nper, pmt, pv, type)**
@@ -28,15 +28,15 @@ If your interest rate varies between periods, use the [FVSCHEDULE](./FVSCHEDULE)
<!--@include: ../markdown-snippets/error-type-details.md--> <!--@include: ../markdown-snippets/error-type-details.md-->
## Details ## Details
* If *rate* = 0, FV solves the equation: * If *rate* = 0, FV is given by the equation:
$$ $$
FV = -pv - (pmt \times nper) 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:
$$ FV = -pv \times (1 + rate)^{nper} - \dfrac{pmt\times\big({(1+rate)^{nper}-1}\big)}{rate} $$ 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:
$$ FV = -pv \times (1 + rate)^{nper} - \dfrac{pmt\times\big({(1+rate)^{nper}-1}\big) \times(1+rate)}{rate} $$ FV = -pv \times (1 + rate)^{nper} - \dfrac{pmt\times\big({(1+rate)^{nper}-1}\big) \times(1+rate)}{rate}
$$ $$
## Examples ## Examples
@@ -44,6 +44,6 @@ $$
## Links ## 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. * 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. * 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. * 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.