Calculates the future value of an investment based on a constant interest rate. You can use FV with either periodic, constant payments, or a single lump sum payment.
The interest rate per period.
The total number of payment periods in an annuity.
The payment made each period; it cannot change over the life of the annuity. Typically, pmt contains principal and interest but no other fees or taxes.
The present value, or the lump-sum amount that a series of future payments is worth right now. If pv is omitted, it is assumed to be BLANK.
The number 0 or 1 and indicates when payments are due. If type is omitted, it is assumed to be 0.
Contributors: Alberto Ferrari, Marco Russo