"Unlock the Secret of Using FV in Excel!" ✔👍🔥🔥🔥✔👍
"Unlock the Secret of Using FV in Excel!" ✔👍🔥🔥🔥✔👍#short #shortvideo #youtubeshorts #fv #JK TUTORIALS
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The FV function in Excel is used to calculate the future value of an investment based on a constant interest rate, the number of payments, and the periodic payment amount.
The syntax for the FV function is as follows:
=FV(RATE/12,NPER,PMT,FV) ENTER
=FV(rate, nper, pmt, [pv], [type])
Where:
rate: The interest rate per period.
nper: The total number of payment periods.
pmt: The payment made each period. This amount is constant over the life of the investment.
[pv]: Optional. The present value, or the amount of the investment or loan at the beginning of the investment period.
[type]: Optional. Specifies when payments are due. 0 for end of period and 1 for beginning of period.
Note that the rate and nper arguments must be consistent. If payments are made monthly, the rate must be divided by 12 and nper must be multiplied by 12.
For example, if you want to calculate the future value of a $10,000 investment that earns an annual interest rate of 5%, with monthly payments of $200 for 10 years, the formula would be:
=FV(5%/12, 10*12, -200, 10000, 0)
The result of this formula would be the future value of the investment after 10 years, assuming the monthly payments are made on time and the interest rate remains constant
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