Financial Functions in Excel - City University London
Similarly we make a monthly payment thus we would enter ... Excel is in fact using the formula: FV = ¡PV(1+r)n ¡PMT ‰ (1+r)n ¡1 r ¾ (3.3) Excel’s Future Value Function =FV(r, n, PMT, PV, type) The parameters are as in Eq(3.3) with the additional parameter "type". If type is set equal to zero then the formula is as in Eq(3.3) with the payments being made at the end of each period. If ... ................
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