calculates the present value of a loan or an investment, based on a constant interest rate. You can use PV with either periodic, constant payments (such as a mortgage or other loan), or a future value that’s your investment goal.
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 future value, or a cash balance you want to attain after the last payment is made. If fv 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
Microsoft documentation: https://support.microsoft.com/en-us/office/pv-function-23879d31-0e02-4321-be01-da16e8168cbd