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fv
Format: fv( pmt, rate, term )
Arguments: (real) pmt Periodic payment
(real) rate Periodic interest rate (1=100%)
(real) term Number of periods
Returns: (real) The future value of term
periodic payments of pmt each accruing interest at a
periodic rate of rate
Description: The future value is calculated using the
following equation:
Examples: fv(2000,8%,20) =
91523.93 (value after 20 years of investing
$2,000 per year at 8%)
See Also: pv, pmt, term,
rate, npv, irr,
cf
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