Manuals/calci/FVIFA

FV(Rate, PaymentPeriods)

Where

  •   is the rate of interest per period,
  •   is the total number of payment periods in an annuity,


FVIFA() calculates the future value interest factor of annuity depending on payment periods, and interest rate.

Description

FV(Rate, PaymentPeriods)

  • 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

1. =FVIFA(4%/12,6) : Calculates the future value interest rate in annuity where annual interest rate is compounded monthly.
Displays 6.050222778519099 as a result.

2. =FVIFA(5%,20) : Calculates the future value interest rate in annuity
. Displays 33.07 as a result.

Related Videos

FV

See Also

References