Google Sheets

FV: Google Sheets Formulae Explained

How do you use FV in Google Sheets?

There are a few ways to use FV in Google Sheets. The most basic way is to use the FV function to calculate the future value of a series of cash flows. You can also use the FV function to calculate the present value of a series of cash flows. Additionally, you can use the FV function to calculate the future value of an annuity.

What is the syntax of FV in Google Sheets?

The syntax of FV in Google Sheets is as follows:

=FV(rate,nper,pmt,pv,type)

Where:

rate is the interest rate per period nper is the number of periods pmt is the payment per period pv is the present value type is the payment type (0 for regular payments, 1 for annuity payments)

What is an example of how to use FV in Google Sheets?

One way to use the FV function in Google Sheets is to calculate the future value of an investment. For example, if you have $1,000 invested at 5% interest, the future value after 5 years would be $1,291.06. To calculate this, you would enter the following formula in a cell: =FV(5%,1000,5)

When should you not use FV in Google Sheets?

There are a few instances when you should not use FV in Google Sheets. One instance is when you do not know the number of payments you will make. Another instance is when you want to calculate the future value of an investment that has already been made. Additionally, you should not use FV when you want to calculate the present value of a series of future payments.

What are some similar formulae to FV in Google Sheets?

There are a few different formulae to calculate future value in Google Sheets. One is FV(), which calculates the future value of an investment based on a series of periodic payments and a fixed interest rate. Another is PV(), which calculates the present value of a series of periodic payments and a fixed interest rate. Finally, there's NPER(), which calculates the number of periods required to reach a future value based on a fixed interest rate and periodic payment amount.

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