FV

Basic Overview

AVAILABLE SINCE 5.3.1

Description (Future Value)	Calculates the value of a recurring annuity investment at a set point in the future. It is based on an interest rate, a number of recurring payments, the amount of individual payments, the present value and either ordinary annuity or annuity due (type) indicating whether payments are due at the beginning or the end of period.
Signature	FV('Rate', 'Nper', 'Pmt' [, 'Pv' , ["Type"]])
Parameters	Rate -> The interest rate Nper -> Number of periods: the number of payments to be made Pmt -> Payment per period: the amount per period to be paid (Payments/costs should (but are not required to) be entered as a negative number e.g. -500) Pv -> [Optional] Present value: the current value of the annuity. If not entered, 'Pv' is set to 0. Type -> [Optional] type (1=pmt at beginning of period (Annuity Due), 0=pmt at end of period (Ordinary Annuity)). By default 'Type' is set to 0.
Notes	Argument 'Pmt' is the leading input node. A leading input node is a function argument, for which we assume the levels to be correct. All other input nodes need to have the same dimensionality. Each input node can be a single number Providing all inputs with the same dimensionality results in a noticeable performance improvement
Limitations	All other inputs must not contain levels that are not in the leading input node 'Pmt'. All level values that are in the leading input node 'Pmt', must be in all the other input nodes.

Positive Costs/Payments

In case the costs/payments are entered as a positive number within your model, this function needs to be multiplied by (-1).

Example

Rate (Interest Rate)	0.03
Nper (Number of Periods)	5
Pmt (Payment per Period - Amount)	-500
Pv (Present Value)	0
Type Payment at Beginning of Period (Annuity Due) = 1 Payment at End of Period (Ordinary Annuity) = 0	0
Valsight Formula	FV(Rate, Nper, Pmt, Pv, Type)
Result	2,654.57