FV Function Excel
This Excel Tutorial demonstrates how to use the Excel FV Function in Excel to calcluate the future value of an investment, with formula examples.
FV Function Description:
The FV Function Calculates the future value.
|End of Period Payment||=FV(C5,D5,E5,F5)||-2253.056|
|Beg of Period Payment||=FV(C6,D6,E6,F6,G6)||-2433.3005|
Syntax and Arguments:
The Syntax for the FV Formula is:
Function Arguments ( Inputs ):
rate – The interest rate per period. Example: use 8%/2 = 4% for semi-annual payments at 8% APR.
nper – The total number of payment periods
pmt – The payment amount. Payment must remain constant.
pv – The present value. 0 if ommitted.
type – The payment type. 1 for beginning of period. 0 for end of period (default if ommitted).
Use the FV Function to calculate the Future Value of an investment.
Investopedia defines future value as: The value of an asset or cash at a specified date in the future that is equivilant to a specified sum today.
For PMT, cash out-flows must be negative. Cash In-flows must be positive.
FV Examples in VBA
You can also use the FV function in VBA. Type:
For the function arguments (rate, etc.), you can either enter them directly into the function, or define variables to use instead.
Return to the List of all Functions in Excel
How to use the FV Function in Excel:
To use the AND Excel Worksheet Function, type the following into a cell:
After entering it in the cell, notice how the AND formula inputs appear below the cell:
You will need to enter these inputs into the function. The function inputs are covered in more detail in the next section. However, if you ever need more help with the function, after typing “=FV(” into a cell, without leaving the cell, use the shortcut CTRL + A (A for Arguments) to open the “Insert Function Dialog Box” for detailed instructions:
For more information about the FV Formula visit the