August 2000
Beginner to intermediate
608 pages
17h 15m
English
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Name
FVSCHEDULE
Synopsis
If you have an investment that has a variable rate of interest, use FVSCHEDULE (an Analysis ToolPak function) to calculate its future value. This function takes all the variable interest rates for the investment and compounds them to determine the value of the investment.
To Calculate
=FVSCHEDULE(Principal,Schedule)
You must specify values for both of the arguments.
-
Principal A numeric value that specifies the current value of the investment (what it is worth today).
Note
The values specified for the Principal and Schedule arguments must be numeric or an error is returned. For example, if the interest rate is 10% you need to indicate that rate as a decimal value of .1.
-
Schedule Specifies an array of several numeric values that indicate the different interest rates for the investment. You need to place the values inside brackets ({}) separated by commas. For example, if your investment has variable rates of 10%, 12%, 14%, and 15% you specify a
Schedulevalue of {.1,.12,.14,.15}. Also, you need to specify the interest rate for each period. So if the rate is 10% for the first three years and then it changes to 12% for the final two years you need to specify aSchedulevalue of {.1,.1,.1,.12,.12}.
Using Schedule with Blank Cells
The Schedule argument can reference blank cells without an error. If the cells are blank the FVSCHEDULE function assumes that the interest rate is for that period.
Example
Figure 12-11 illustrates how FVSCHEDULE determines the future ...
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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.
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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.