FV(Rate, PaymentPeriods, Payments, PresentValue, Type)

Where

$Rate$ is the rate of interest per period,
$PaymentPeriods$ is the total number of payment periods in an annuity,
$Payments$ is the payment value for each period,
$PresentValue$ is the present value, and
$Type$ is value 0 or 1 indicating when the payments are due.

FV() calculates the future value of an investment depending on payment periods, payment value and interest rate.

Description

Argument $Payments$ is optional. If $Payments$ is omitted, $PresentValue$ should be included.
Argument $PresentValue$ is optional. If $PresentValue$ is omitted, it is assumed to be zero(0) and argument $Payments$ should be included.
Argument $Type$ can be 0 or 1. Below table indicates the selection of type value -

Type value	Description
0	Payments due at the end of the period
1	Payments due at the beginning of the period

If $Type$ is other than 0 or 1, Calci displays #N/A error message.
For monthly payment, Rate should be divided by 12 (e.g. 10%/12) and PaymentPeroid should be multiplied by 12 (e.g. 4*12).

Examples

Consider the following example that shows the use of FV function:

2%	4.5%
11	5
-50	-45
-800	-1000
1	0

=FV(A1/12,A2,A3,A4,A5) : Calculates the future value for the values in the range A1 to A5. 
Annual interest rate is compounded monthly. Displays 1370.3201724868504 as a result.
=FV(B1/12,B2,B3,B4,B5) : Calculates the future value for the values in the range B1 to B5. 
Annual interest rate is compounded monthly. Displays 1245.5849933323898 as a result.
=FV(0.04/12,10,-1000,,1) : Annual interest rate is compounded monthly and PresentValue is omitted. 
Displays 10185.178946116719 as a result.