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VB FV() Function Syntax

By mdl3 ·
can some one please give me an example on the syntax of VB Built-in function FV()
How do I call the function and specify the arguments?


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VB FV() Function Syntax

by tclere In reply to VB FV() Function Syntax

Did you look in the VB help files? There is a complete explanation of the syntax and required variables.
Returns a Double specifying the future value of an annuity based on periodic, fixed payments and a fixedinterest rate.


FV(rate, nper, pmt[, pv[, type]])

Named arguments:

rate: Req'd. Double specifying interest rate per period. For example, if you get a car loan at an annual percentage rate (APR) of 10 percent and make monthly payments, the rate per period is 0.1/12, or 0.0083.

nper: Req'd. Integer specifying total number of payment periods in the annuity. For example, if you make monthly payments on a four-year car loan, your loan has a total of 4 * 12 (or 4 payment periods.

pmt: Req'd. Double specifying payment to be made each period. Payments usually contain principal and interest that doesn't change over the life of the annuity.

pv: Optional. Variant specifying present value (or lump sum) of a series of future payments. For example, when you borrow money to buy a car, the loan amount is the present value to the lender of the monthly car payments you will make. If omitted, 0 is assumed.

type: Optional. Variant specifying when payments are due. Use 0 if payments are due at the end of the payment period, or use 1 if payments are due at the beginning of the period. If omitted, 0 is assumed.

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