Explain the function of FV with a suitable example
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The Excel FV function is a financial function that returns the future value of an investment. You can use the FV function to get the future value of an investment assuming periodic, constant payments with a constant interest rate. rate - The interest rate per period. nper - The total number of payment periods.
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FV function in Excel is an inbuilt financial function in Excel which can be also termed as future value function, this function is very useful in the calculation of the of future value of any investment made by anyone, this function has some dependent argument and they are the constant interest the periods and the payments.
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