Difference between revisions of "FutureValue Command"
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| − | <noinclude>{{Manual Page|version=5.0}}</noinclude>{{command| financial | + | <noinclude>{{Manual Page|version=5.0}}</noinclude>{{command| financial}} |
| − | + | ;FutureValue( <Rate>, <Number of Periods>, <Payment>, <Present Value (optional)>, <Type (optional)> ) | |
| − | ;FutureValue | ||
:Returns the future value of an investment based on periodic, constant payments and a constant interest rate. | :Returns the future value of an investment based on periodic, constant payments and a constant interest rate. | ||
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*<b><Payment></b> The amount paid in each period. | *<b><Payment></b> The amount paid in each period. | ||
*<b><Present Value (optional)></b> Total amount that a series of future payments is worth now. If you do not enter a value, it is assumed to be 0. | *<b><Present Value (optional)></b> Total amount that a series of future payments is worth now. If you do not enter a value, it is assumed to be 0. | ||
| − | *<b><Type (optional)></b> Indicates when payments are due. If you do not enter a value or you enter 0 the payment is due at the end of the period | + | *<b><Type (optional)></b> Indicates when payments are due. If you do not enter a value or you enter 0 the payment is due at the end of the period. If you enter 1 it is due at the beginning of the period. |
| − | :{{example| 1=<div><code><nowiki>FutureValue | + | :{{example| 1=<div><code><nowiki>FutureValue(10%/12, 15, -200, 0, 1)</nowiki></code> yields a future value of 3207.99. </div> {{note|1=Make sure that you are consistent about the units you use for <code><nowiki><Rate></nowiki></code> and <code><nowiki><Number of Periods></nowiki></code>. If you make monthly payments on a four-year loan at an annual interest rate of 10 percent, use 10%/12 for rate and 4*12 for number of payments.}}}} |
{{note|1= For all arguments, cash paid out is represented by negative numbers and cash received by positive numbers.}} | {{note|1= For all arguments, cash paid out is represented by negative numbers and cash received by positive numbers.}} | ||
{{note| 1=See also [[Payment Command|Payment]], [[Rate Command|Rate]], [[PresentValue Command|Present Value]] and [[Periods Command|Periods]] commands.}} | {{note| 1=See also [[Payment Command|Payment]], [[Rate Command|Rate]], [[PresentValue Command|Present Value]] and [[Periods Command|Periods]] commands.}} | ||
Latest revision as of 11:52, 3 October 2017
- FutureValue( <Rate>, <Number of Periods>, <Payment>, <Present Value (optional)>, <Type (optional)> )
- Returns the future value of an investment based on periodic, constant payments and a constant interest rate.
- <Rate> Interest rate per period.
- <Number of Periods> Total number of payment periods in an annuity.
- <Payment> The amount paid in each period.
- <Present Value (optional)> Total amount that a series of future payments is worth now. If you do not enter a value, it is assumed to be 0.
- <Type (optional)> Indicates when payments are due. If you do not enter a value or you enter 0 the payment is due at the end of the period. If you enter 1 it is due at the beginning of the period.
- Example:
FutureValue(10%/12, 15, -200, 0, 1)yields a future value of 3207.99.Note: Make sure that you are consistent about the units you use for<Rate>and<Number of Periods>. If you make monthly payments on a four-year loan at an annual interest rate of 10 percent, use 10%/12 for rate and 4*12 for number of payments.
Note: For all arguments, cash paid out is represented by negative numbers and cash received by positive numbers.
Note: See also Payment, Rate, Present Value and Periods commands.
