FUTURE_VALUE

Future value

Description

Calculates an annuity investment's future value. This is done based on a constant interest rate and periodic payments of constant amounts.

Function signature

FUTURE_VALUE(rate: Number, periods: Number, paymentamount: Number, presentvalue: Number, paymentsatthebeginningofperiod: Boolean) => Number

Parameter

Description

Rate

The interest rate

Periods

The number of payments to be made

Payment amount

The amount per period to be paid

Present value

The current value of the annuity. Default is 0.

Payments at the beginning of period

Whether payments are due at the end (false) or beginning (true) of each period

Examples

Formula

Return value

FUTURE_VALUE(0.1, 4, 100)

-464.1

FUTURE_VALUE(0.5, 4, 100)

-812.5

FUTURE_VALUE(0.5, 6, 100)

-2078.13

FUTURE_VALUE(0.5, 6, 100, 200)

-4356.25

FUTURE_VALUE(0.5, 6, 100, 200, true)

-5395.31