August 2000
Beginner to intermediate
608 pages
17h 15m
English
Content preview from Excel 2000 in a NutshellBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
Name
FV
Synopsis
FV is very useful for determining the future value of an investment. This function is used with both loans and investments, such as a savings account. If you have a loan, the future value of the loan should be 0. This function is used only with investments that have both constant payments and a constant interest rate.
To Calculate
=FV(Rate,Nper,Pmt,PV,Type)
You must specify a value for either the
Pmt or PV
arguments, but you do not have to specify both. The
Type argument is optional; the
Rate and Nper
arguments must have values.
-
Rate Indicates the interest rate used to calculate the rate for each period. For example, if you make monthly payments and the interest rate is 12% you need to specify an interest rate of
0.01(0.12/12) as the rate for each month.-
Pmt Indicates payment that is made for each period. For example, if you are making monthly payments of $355, that is the value of the
Pmtargument. The value of this argument should be negative if the amounts are paid out, such as a loan or deposit in an account. If the payment is received, such as dividend checks, this argument should have a positive value. If you do not specify a value for thePmtargument you must specify a value for thePVargument.
Note
If you want to determine the future value of an investment with a variable or adjustable interest rate, you need to use FVSCHEDULE.
Example
Figure 12-10 illustrates how FV can be used to determine the future value of an investment if you know the annual interest ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Read now
Unlock full access
More than 5,000 organizations count on O’Reilly
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.