This function returns the future value of an initial principal after applying a series of compound interest rates. Calculate future value of an investment with a variable or adjustable rate.
FVSCHEDULE(principal,schedule)
This function has these arguments:
| Argument | Description |
|---|---|
| principal | Present value of the principal |
| schedule | Schedule, array of interest rates to apply |
Accepts numeric data for both arguments. Returns numeric data.
FVSCHEDULE(4,A1:C1)
FVSCHEDULE(45,R1C1:R7C1)
FVSCHEDULE(1000,{0.8,0.6,0.7}) gives the result 4896
This function is available in product version 1.0 or later.
