Document Solutions for Excel, .NET Edition Overview
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- Add-in and Automation Functions
- Compatibility Functions
- Database Functions
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- Financial Functions
  - ACCRINT
  - ACCRINTM
  - AMORDEGRC
  - AMORLINC
  - COUPDAYBS
  - COUPDAYS
  - COUPDAYSNC
  - COUPNCD
  - COUPNUM
  - COUPPCD
  - CUMIPMT
  - CUMPRINC
  - DB
  - DDB
  - DISC
  - DOLLARDE
  - DOLLARFR
  - DURATION
  - EFFECT
  - FV
  - FVSCHEDULE
  - INTRATE
  - IPMT
  - IRR
  - ISPMT
  - MDURATION
  - MIRR
  - NOMINAL
  - NPER
  - NPV
  - ODDFPRICE
  - ODDFYIELD
  - ODDLPRICE
  - ODDLYIELD
  - PDURATION
  - PMT
  - PPMT
  - PRICE
  - PRICEDISC
  - PRICEMAT
  - PV
  - RATE
  - RECEIVED
  - RRI
  - SLN
  - SYD
  - TBILLEQ
  - TBILLPRICE
  - TBILLYIELD
  - VDB
  - XIRR
  - XNPV
  - YIELD
  - YIELDDISC
  - YIELDMAT
- Information Functions
- Logical Functions
- Lookup and Reference Functions
- Math and Trigonometry Functions
- Statistical Functions
- Text Functions
- Web Functions
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Release Notes

FV

This function returns the future value of an investment based on a present value, periodic payments, and a specified interest rate.

Syntax

FV(rate, numper, paymt, [pval], [type])

Arguments

This function has these arguments:

Argument	Description
rate	[Required] Interest rate expressed as percentage (per period)
numper	[Required] Total number of payment periods
paymt	[Required] Payment made each period
pval	[Optional] Present value; if omitted, uses zero and the calculation is based on the paymt argument.
type	[Optional] Indicates when payments are due; at the end (0) or beginning (1) of the period; if omitted, the calculation uses the end (0)

Remarks

Use consistent units for specifying the rate and number of periods arguments. If you make monthly payments on a five-year loan at 8 percent annual interest, use 0.08/12 for the rate argument and 5*12 for the number of periods argument. If you make annual payments on the same loan, use 0.08 for the rate and 5 for a number of periods.

For the arguments, money paid out (such as deposits in an investment) is represented by negative numbers; money you receive (such as dividend checks) is represented by positive numbers.

See the PV function for the equations for calculating financial values.

Examples

FV(A1/12,48,B1,1000,0)

FV(R1C1/12,48,R1C2,1000,0)

FV(0.005,60,-100,100,1) gives the result of 6877.00