WorksheetFunction.Fv(Double, Double, Double, Object, Object) Method

Reference

Definition

Namespace:: Microsoft.Office.Interop.Excel

Assembly:: Microsoft.Office.Interop.Excel.dll

Important

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Returns the future value of an investment based on periodic, constant payments and a constant interest rate.

public double Fv (double Arg1, double Arg2, double Arg3, object Arg4, object Arg5);

Public Function Fv (Arg1 As Double, Arg2 As Double, Arg3 As Double, Optional Arg4 As Object, Optional Arg5 As Object) As Double

Parameters

Arg1: Double

Rate - the interest rate per period.

Arg2: Double

Nper - the total number of payment periods in an annuity.

Arg3: Double

Pmt - the payment made each period; it cannot change over the life of the annuity. Typically, pmt contains principal and interest but no other fees or taxes. If pmt is omitted, you must include the pv argument.

Arg4: Object

Pv - the present value, or the lump-sum amount that a series of future payments is worth right now. If pv is omitted, it is assumed to be 0 (zero), and you must include the pmt argument.

Arg5: Object

Type - the number 0 or 1 and indicates when payments are due. If type is omitted, it is assumed to be 0.

Returns

Double

Remarks

For a more complete description of the arguments in Fv and for more information on annuity functions, see Pv(Double, Double, Double, Object, Object).

0	At the end of the period
1	At the beginning of the period

Make sure that you are consistent about the units you use for specifying rate and nper. If you make monthly payments on a four-year loan at 12 percent annual interest, use 12%/12 for rate and 4*12 for nper. If you make annual payments on the same loan, use 12% for rate and 4 for nper.

For all the arguments, cash you pay out, such as deposits to savings, is represented by negative numbers; cash you receive, such as dividend checks, is represented by positive numbers.

Applies to