Spread.NET 17 Formula Reference
Formula Functions / Functions M to Q / PV
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    This function returns the present value of an investment based on the interest rate, number and amount of periodic payments, and future value. The present value is the total amount that a series of future payments is worth now.




    This function has these arguments:

    Argument Description
    rate Interest rate expressed as percentage (per period)
    numper Total number of payment periods
    paymt Payment made each period; cannot change over the life of the annuity
    fval [Optional] Future value; if omitted, the calculation is based on the payments
    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)

    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.


    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 rate and 5 for number of periods.

    Data Types

    Accepts numeric data for all arguments. Returns numeric data.




    PV(0.005,60,-100,0,1) gives the result $5,198.42

    Version Available

    This function is available in product version 1.0 or later.

    See Also

    FV | NPER | PMT | Financial Functions