September 2006
Beginner to intermediate
397 pages
13h 15m
English
Content preview from Microsoft Excel Functions & Formulas
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Use the PV function to decide amount to invest
In this example you have to decide on the amount of money you
want to invest. To solve this problem, you use the PV function,
which returns the present value of an investment. This is the total
amount that a series of future payments is worth now.
PV(rate, nper, pmt, fv, type)
rate: The interest rate per period.
nper: The total number of payment periods in an annuity.
pmt: The payment made each period, which is a constant value.
fv: The future value. This is the amount you want after the last
payment is made.
type: A number that indicates when payments are due. 0 or
omitted indicates the end of the period, ...
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