FV
FV returns the value of an annuity at the time of the last payment. An annuity is a series of payments made at equal intervals of time. Payments are assumed to be made at the end of each period.
This function is valid in both rules and TurboIntegrator processes.
Syntax
FV(payment, interest, periods)|
Argument |
Description |
|---|---|
|
payment |
The amount of the payment made per period. |
|
interest |
The interest rate paid per period. |
|
periods |
The number of periods in the annuity. |
Example
This example returns the value of an annuity at the end of 5 years, with payments of $1,000 per year at 14% interest.
FV(1000, .14, 5)