diff --git a/docs/src/functions/financial/fv.md b/docs/src/functions/financial/fv.md index aae38a2..a71ff3b 100644 --- a/docs/src/functions/financial/fv.md +++ b/docs/src/functions/financial/fv.md @@ -28,15 +28,15 @@ If your interest rate varies between periods, use the [FVSCHEDULE](/functions/fi ## 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