Name and explain the function which returns the future value of an investment which has constant payment and interest?
Answers
Answer:
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.
Explanation:
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Answer:
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.
Explanation:
Purpose
Get the future value of an investment
Syntax
FV (rate, nper, pmt, [pv], [type])
Usage Notes
The future value (FV) function calculates the future value of an investment assuming periodic, constant payments with a constant interest rate.