Files

Nicolás Hatcher 8243e231ab UPDATE: Add placeholders for all functions

2024-11-24 23:08:52 +01:00

2.7 KiB

Raw Blame History

layout, outline, lang

layout	outline	lang
doc	deep	en-US

FV

Overview

FV (Future Value) is a function in the Financial category that can be used to predict the future value of an investment or asset based on its present value.

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 function instead of FV.

Parameters

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

rate. The fixed percentage interest rate or yield per period.
nper. The number of compounding periods to be taken into account. While this will often be an integer, non-integer values are also accepted.
pmt (optional). The fixed amount paid or deposited each compounding period (default 0).
pv (optional). The present value or starting amount of the asset (default 0).
period_start (optional). A logical value indicating whether the payment due dates are at the end (0) of the compounding periods or at the beginning (1) (default 0). FV treats any non-zero value as it would the value 1.

Additional notes

FV may generate #ERROR!, #VALUE! or #DIV/0! errors. For more details see our Error Types page (link when page written).
Make sure that the rate argument specifies the interest rate or yield applicable to the compounding period, based on the value chosen for nper.
The pmt and pv arguments should be expressed in the same currency unit. FV returns a value in the same currency unit.
To ensure a worthwhile result, one of the pmt and pv arguments should be set to a non-zero value.
The setting of the period_start argument only affects the calculation for non-zero values of the pmt argument.

Details

If rate = 0, FV solves the equation:
```
FV = -pv - (pmt \times nper)
```

If rate <> 0 and period_start = 0, FV solves the equation:


FV = -pv \times (1 + rate)^{nper} - \dfrac{pmt\times\big({(1+rate)^{nper}-1}\big)}{rate}

If rate <> 0 and period_start <> 0, FV solves the equation:


FV = -pv \times (1 + rate)^{nper} - \dfrac{pmt\times\big({(1+rate)^{nper}-1}\big) \times(1+rate)}{rate}

Examples

See this example in IronCalc

2.7 KiB Raw Blame History

FV